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Garnaut pushes 10pc cut in emissions by 2020
Posted on September 05, 2008
AUSTRALIA should pledge to cut its greenhouse emissions by 10 per cent by 2020 if the world clinches a climate change agreement at Copenhagen.It should pledge to cut by 5 per cent even if the international community only manages a partial deal, the Rudd Government's chief climate change advisor Professor Ross Garnaut says.The first publicly available results from the Treasury's emissions trading modelling reveal that a 10 per cent emission reduction would reduce Australia's GDP by 1.1 per cent by 2020 and result in a carbon price by that date of about $34.50.The 10 per cent reduction is calcul...
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