Professor Ross Garnaut delivered the Garnaut Climate Change
Review Final Report (Final Report) to the
Government on 30 September 2008. We have previously reported on
Garnaut's Draft Report (to view our legal update Examining
the diabolical policy problem, click
here) and his Supplementary 'Targets and Trajectories'
Report (to view our legal update on Garnaut's Supplementary
Report on Modelling, click
here). We also summarised the main design elements of the
Emissions Trading Scheme proposed by Garnaut in his March 2008
Discussion Paper (to view our legal update Garnaut releases
Discussion Paper on Emission Trading Scheme, click
here).
It would appear that the Final Report has made few significant
changes to these earlier reports. Consequently, this legal update
focuses on the new material included within the Final Report, such
as adaptation and the implications for the transportation and land
use sectors. Before covering these areas, we provide an overview
