Copenhagen Or Bust: The Final Garnaut Report

Key Point

• While the final report answers some outstanding questions, its real impact will come from how much of it is implemented by the Government - and by how much and how quickly.

The (by now familiar) mixed reviews greeted the final Report of the Garnaut Climate Change Review which was released yesterday. If the reactions were familiar, so was much of the final Report's content which already appeared in the interim report (February 2008), ETS discussion paper (March 2008), draft report (July 2008) and supplementary report (September 2008).

Buried in the Report however were some new recommendations and more detailed modelling. As a result, the Report now gives a more comprehensive vision of climate change mitigation and adaptation, and makes some important policy proposals that will help the private sector and ordinary Australians adjust.