Australia is relatively well placed to do well in a world of comprehensive global efforts to reduce greenhouse gas emissions, according to Professor Ross Garnaut. Australia should promote strong global action on climate change and be prepared to match the commitments of other developed nations, according to this report.

From the executive summary:

This interim report seeks to provide a flavour of early findings from the work of the review, to share ideas on work in progress as a basis for interaction with the Australian community, and to indicate the scope of the work programme through to the completion of the review. There are some important areas of the review’s work that are barely touched upon in the interim report, which will feature prominently in the final reports. Adaptation to climate change, energy efficiency and the distribution of the costs of climate change across households and regions are amongst the prominent omissions from this presentation.