GreenCellTechnologies: The Garnaut Climate Change Review – The Australian Economy

GreenCellTechnologies: The Garnaut Climate Change Review – The Australian Economy The Australian economy and the challenge of climate change Australia has a larger interest in a strong mitigation outcome than other developed countries. We are already a hot... More

GreenCellTechnologies: The Garnaut Climate Change Review – The Australian Economy The Australian economy and the challenge of climate change Australia has a larger interest in a strong mitigation outcome than other developed countries. We are already a hot and dry country; small variations in climate are more damaging to us than to other developed countries. We live in a region of developing countries, which are in weaker positions to adapt to climate change than wealthy countries with robust political and economic institutions. The problems of our neighbours would inevitably become our problems. And the structure of our economy means that our terms of trade would be damaged more by the effects of climate change than would those of any other developed country (see chapters 11 and 23). At the same time, Australia carries some major assets into this challenge. Australians are facing this new kind of challenge in the best of times. These are the times that earlier generations of Au Less