garnaut review is out
July 4th 2008 03:29
The much awaited draft of the Garnaut review is out.... well maybe not much awaited by everybody, but everybody interested in the path the government is going to take to fight Climate Change.
This is only a draft and the all important targets are due in September but for those if you interested here is the link
CLICK HERE
There is also an almost Obeleque live argument going on the chat at
CLICK HERE
In summary Garnaut has said
!) australian are facing risks of damaging CLimate Change and we need to take strong early action.
2) By 2050 if we don't act we will major delines in Ag production.
2) There is possibilty of much larger costs from extreme outcomes, these costs are unmeasurable.
3) Impacts could be reduced with strong Global mitigation
4) "Australia needs to play its full part in the international effort if global mitigation is to have a chance. The first step is to take action as part of the developed world, with a view to bringing in developing countries - frst of all China - on the earliest possible timetable"
5) Australia would be hurt more than othe rcountries by unmitigated climate change, so have an interest in encouraging the strongest feasible global effort.
6) We are running out of time, so its important australia be proactive.
7) "We will delude ourselves should we choose to take small actions that create the apearance of action"
8) He wants all transport in and states the increase in energy prices are absorbable and wants Australian households to be compensated. Sounds like he is advocating all permits be auctioned, 50% of proceeds to go to households, 30% to assist business execute necessary structural change and 20% to fostering renewables and Clean energy technology.
Thats about the guts of it.... I am sure there will be rhetoric ad nauseam this weekend.
cheers
Happy Friday
Louie
This is only a draft and the all important targets are due in September but for those if you interested here is the link
CLICK HERE
There is also an almost Obeleque live argument going on the chat at
CLICK HERE
In summary Garnaut has said
!) australian are facing risks of damaging CLimate Change and we need to take strong early action.
2) By 2050 if we don't act we will major delines in Ag production.
2) There is possibilty of much larger costs from extreme outcomes, these costs are unmeasurable.
3) Impacts could be reduced with strong Global mitigation
4) "Australia needs to play its full part in the international effort if global mitigation is to have a chance. The first step is to take action as part of the developed world, with a view to bringing in developing countries - frst of all China - on the earliest possible timetable"
5) Australia would be hurt more than othe rcountries by unmitigated climate change, so have an interest in encouraging the strongest feasible global effort.
6) We are running out of time, so its important australia be proactive.
7) "We will delude ourselves should we choose to take small actions that create the apearance of action"
8) He wants all transport in and states the increase in energy prices are absorbable and wants Australian households to be compensated. Sounds like he is advocating all permits be auctioned, 50% of proceeds to go to households, 30% to assist business execute necessary structural change and 20% to fostering renewables and Clean energy technology.
Thats about the guts of it.... I am sure there will be rhetoric ad nauseam this weekend.
cheers
Happy Friday
Louie
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Comment by Louie
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Climate Change is just a hoax glo-BULL warming Algore whatever.
Move right along people, nothing to see here. nosirree, not til i see the sea level rise enough to start lapping at the doorsteps of the houses in Sydney's western suburbs will I be convinced.
gug, glug,. glug....
Comment by Lilla
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I got up to do a post on this issue this morning and am delighted to find that you have already done it. Although I will have to have a closer look later to see where the loopholes are, because I'm sure that personal agenda's and ever increasing retirement packages are all a part of the grand calculations here, but I just wanted to say that this initial step to wards the ETS (Emissions Trading Scheme) looks great.
Too bad it's only the green paper, which has to be followed by the white paper...not until later this year? On come on... this is even to Vogonish for me!
But, here are the stats that got me:
'
· A reduction of GDP of 4.8 per cent (some $425 billion);
· A reduction of household consumption of 5.4 per cent; and
· A reduction in real wages of 7.8 per cent.
Professor Garnaut has advised that the impact could be even more severe than these estimates.
The report shows Australia ’s international terms of trade will be worse affected by climate change than any other country, driven by declines in demand from our major export markets.
This confirms the Government’s view that if we take action now, the cost will be far less than if we delay.
Rudd tried to do that when he asked recently that China be curbed... look how far it got him... in true Vogon style, we can only go as fast as the rest of them when it comes to slowing it down through the centralised ETS system...
More prayers to the 13 Grannies perhaps?
Lilla ...
Comment by Louie
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It is quite amazing how quickly sentiments turn and reading the press the lobbyists are getting great traction brainwashing people into giving all the big corporations windfall profits for the ETS...how disappointing.
Comment by Louie
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Was that your John Howard or Mining company lobbyist impersonation
Comment by Krystal
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Some reports move beyond the bounds of common sense, and how is it that our
'erstwhile' leaders have led us down this blind alley so irresponsibly, now it is such a mess.
Comment by Fobzy
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suck 'em inattract the crowds, all this just to be told what we already know, but most cannot afford it. UK, we do better, my love.Comment by KylieW
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