Reduced carbon emissions would save Australian economy $550b: report
Media
The Australian economy would be $550 billion better off by 2030 through reducing carbon emissions to stem the impact of damaging climate change, a new report has found. Described as the first comparison of the costs of emission reduction relative to the potential damages from climate change under current policy settings, the report by SGS and the Melbourne Sustainable Societies Institute at the University of Melbourne finds Australia is on track for $535 billion in economic damage within a decade, if global emissions continue at their current rate.