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Garnaut climate change review |
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Garnaut climate change review refers to a study conducted by Australian professor Ross Garnaut. He was commissioned by Australian Prime Minister, Kevin Rudd and by Australian state and territory governments to conduct a climate change review.
What is it all about?
Professor Kevin Rudd studied impact of climate change on Australia's economy. Based upon his studies he suggested policies that may help Australia to sustain its prosperity. Public forums were held to discuss various points covered by Garnaut climate change review. On 30th September, 2008 final report of Garnaut Review was released.
First interim report
On 21st February, 2008 an interim report of Gernaut climate change review was released. The interim report stated that Australia's interest lay in global adoption of climate change mitigation results. Australia's sensitivity to climate changes made it mandatory for the nation to encourage global measures for controlling climate changes.
First interim report suggested greenhouse gas emission reduction targets for 2020 and 2050. Garnaut interim report also spoke about introducing an emissions trading scheme. But preference for emissions trading scheme over carbon tax was not explained. Gernaut's interim report also supported use of public funds to conduct research on Carbon Capture and Storage.
Final report
Final report of Garnaut climate change review was released on 30th September, 2008. Garnaut's final report recommended the Australian government to press other nations to adopt carbon dioxide equivalent concentrations of 450 ppm. That means Australia would itself have to reduce emissions by 25 percent by 2020. It also means that by 2050, Australia needs to reduce emission levels by 90 percent.
Gernaut advocated the adoption of a carbon pollution reduction scheme. This scheme focused on agriculture and forestry. Garnaut climate change suggestions is heavily dependent on future availability of carbon capture and storage. It also depends on availability of clean coal technologies within next 20 years of time.
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