Professor Ross Garnaut. Photo by Alan Porritt/ AAP.
The findings of Ross Garnaut's update reports increase the pressure for Australia to adopt a carbon price, writes Frank Jotzo. The climate change policy debate is alive again in Australia, and the recent scrapping or deferral of spending on climate-related programs has probably reinforced the government's determination to introduce a carbon price. But what level of ambition should Australia strive for ' what level of carbon price and what emissions reductions target? Ross Garnaut has been commissioned to provide an update of the 2008 climate change review. The second and third update papers, released this week, examine progress towards global climate change action, and global emissions trends. Both are important in calibrating Australia's policy. The emissions trends paper, released today, provides an updated projection of global emissions, and their drivers, in the absence of effective mitigation action. It gives a measure of the magnitude of the task.
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