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Tuesday, February 22, 2011

Garnaut Revisted

Just a couple of years after the 2008 report, Australia's Ross Garnaut is currently rolling out updates of his review of the economics of climate change. The 2011 update is comprised of a series of papers addressing key topics relevant to climate policy in the land down under. Those papers are being released between February and March, followed by a final report in May. Release dates for the papers are listed below:

1.3 February 2011: Weighing the costs and benefits of climate change action
2.7 February 2011: Progress towards effective global action on climate change
3.11 February 2011: Global emissions trends
4.1 March 2011: Transforming rural land use
5.10 March 2011: The science of climate change
6.17 March 2011: Carbon pricing and reducing Australia's emissions
7.23 March 2011: Low emissions technology and the innovation challenge
8.29 March 2011: Transforming the electricity sector

I anticipate a final report that:
a) provides a relatively optimistic outlook on international mitigation efforts
b) finds an increased urgency for climate policy due to growing evidence of climate impacts
c) concludes that the potential benefits of GHG mitigation policy are even more favourable now than in 2008

We shall see. . .

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