Great potential, but Australia needs to get a move on
23 May 2014
By FRANK JOTZO, director of the Centre for Climate Change, Economics and Policy at Australian Natural University, and ANNA STARBEK, executive director of Climateworks Australid.- There is an instinctive fear that overhauling the parts of our economies that emit greenhouse gases would spell economic doom and gloom.
But the reality is much brighter. As the Intergovernmental Panel on Climate Change recently reported, strong climate action would shave less than 0.1 percentage points a year off the world’s annual economic growth.
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Pacific Island nations support China's Taiwan claims at high-profile foreign ministers' meeting
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