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Grand emission targets won't taint rosy outlook.
Australasian Business Intelligence, June, 2007
Byline: Matt Wade
Jun 03, 2007 (The Sydney Morning Herald - ABIX via COMTEX) -- Economic modelling suggests that taking measures to curb carbon emissions will not harm the Australian economy. Allen Consulting Group's modelling shows that if Australia adopted a greenhouse gas reduction target of 60 per cent by 2050, GDP would grow by 2.1 per cent each year. In contrast, growth of just 2.2 per cent would be likely if Australia failed to take action on climate change. A paper prepared by two economists from the CSIRO and Monash University presents a similar argument showing that taking action to address climate change will not have a significant effect on economic growth.
Publication Date: 4 June 2007
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