Garnaut report to unveil blueprint for the destruction of the Australian economy
Treasury modelling the government needs to determine its short-term greenhouse gas targets is still “some way off”, Prime Minister Kevin Rudd says.
Economist Ross Garnaut will provide some insight later Friday when he releases the latest stage of his climate change report, giving the first glimpse of modelling on the economic impact of emissions reductions.
Environmentalists are urging him to back deep emissions cuts by 2020 to be part of a global effort to avoid catastrophic climate change.
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The government has set a long-term reduction target of 60 per cent by 2050.
Greens senator Christine Milne is hoping Prof Garnaut will deliver a credible 2020 target for emissions reductions.
“In Bali last year the world decided that 25-40 per cent was a credible target for 2020. That’s below 1990 levels,” she told ABC Radio.
“Australia blocked adoption of that target with a number of other countries, but that is the range that the world wants to see.
“We would like a 40 per cent reduction on 1990 because that is what the science tells us we desperately need.”