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Garnaut Climate Change Update Paper 1, 2011: Weighing the costs and benefits of climate change action

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The Garnaut Climate Change Review—led by Professor Ross Garnaut—was first commissioned by Australia’s Commonwealth, State and Territory Governments in 2007, to conduct an independent study of the impacts of climate change on the Australian economy.  This paper focuses on five climate change action issues: the choice of discount rate (the valuation of the welfare of people living now relative to people living in future); the presence of uncertainty; the interaction between climate change, its mitigation and the growth of incomes and economic welfare in developing countries; what is an appropriate and proportionate Australian contribution to various levels of international mitigation effort; and the optimal balance between efforts on climate change mitigation and on climate change adaptation.

by Professor Ross Garnaut

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GARNAUT-CLIMATE-CHANGE-UPDATE-1-Weighing-the-costs-and-benefits-of-climate-change-action-1

 

 

 

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