Business leaders, politicians and policymakers have spent years asking if we were to cut emissions, how much would it cost in lost income or Gross National Product (GDP) in Australia? How much worse off would we be?
If countries around the globe also cut emissions how badly would Australia’s exports of coal and natural gas suffer?
While once framed purely as an environmental issue, the Deputy Governor of the Reserve Bank of Australia Guy Debelle noted earlier this year that the risks that climate change poses to the Australian economy are “ first order” and have knock-on implications for macroeconomic policy…
SOURCE: Tom Kompas. “The costs and benefits of a clean economy” University of Melbourne, June 10, 2019.
Produced by the librarians at the Brotherhood of St Laurence in Melbourne, Australia