The heat is on
This landmark report into energy and climate change from Australia's leading energy and transport stakeholders released on 6 December 2006 removes the last barrier to a carbon price signal in Australia.
The report was two years in the making and is the result of a coalition of Australia's leading energy and transport stakeholders - including Rio Tinto, BHP Billiton, Xstrata Coal, Westpac Banking Corporation, Alcoa World Alumina Australia, Woodside Energy and the Australian Automobile Association.
The report features modelling by CSIRO and ABARE that reveals Australia can make deep cuts to its greenhouse gas emissions in concert with the international community with little impact on the economy.
Contrary to popular belief, the report shows that overall household energy will be more affordable in 2050 than it is today.
The report also features new CSIRO research that accords with the findings of a recent report by former World Bank economist Sir Nicholas Stern that the economic benefits of avoiding climate change outweigh the global costs to GDP of managing those risks.
