Transcript of Ross Garnaut’s Public Lecture: Energy Security, Reducing Energy Costs and Mitigating Climate Change: Does Finkel Solve the Trilemma? Including charts. Hosted by Faculty of Business and Economics, Melbourne Energy Institute, Australian German Climate and Energy College and Melbourne Sustainable Society Institute at The Carrillo Gantner Theatre, Melbourne, 3 July 2017
Video recording of Professor Ross Garnaut’s Public Lecture: Does Finkel Solve the Trilemma?’ Hosted by Faculty of Business and Economics, Melbourne Energy Institute, Australian German Climate and Energy College and Melbourne Sustainable Society Institute at The Carrillo Gantner Theatre, Melbourne, 3 July 2017
Podcast of Victorian climate change briefing to members of the Victorian State Parliament with Ross Garnaut and Malte Meinshausen. Briefing hosted by Environment Victoria, Parliament House, Melbourne, 23 November 2016.
Australia After Paris: Will we use our potential to be the energy superpower of the low carbon world? Public lecture hosted by the Young Energy Professionals, State Theatre Centre of Western Australia, Perth, 21 January 2016
Australian Climate Change Policy, article published on John Menadue’s blog Pearls and Irritations, 10 June 2015. The Age and The Sydney Morning Herald each extracted part of the piece for publication on 14 June 2015.
China’s Energy Transition: Effects on Global Climate and Sustainable Development – public lecture by Ross Garnaut at The University of Melbourne, 25 August 2014 Video recording of the lecture available here
Asked to comment on Greg Boyce’s remarks in the Australian Financial Review article “Coal always wins”, Garnaut said: “I recognize that my published analysis since 2011 has not been welcomed by corporate leaders in the coal industry. Regrettably, in economics as in physics, facts do not go away simply because corporate leaders don’t like them. I have simply been working through the changes that have been occurring in Chinese economic policy and structure since 2011. Shareholders in coal companies whose leaders have taken this work seriously are now richer than shareholders in coal businesses whose leaders have closed their eyes”. 12 August 2014.
Forthcoming 2014 article “China’s Role in Global Climate Change Mitigation” to be published in the China & World Economy Journal will be available online shortly
Opposing Repeal Serves West Australian Interests: Why Cameron and Merkel are watching WA, speaking notes used in Ross Garnaut’s presentation to the Committee for Economic Development of Australia, Perth, 1 April 2014
Let’s Not Blow the Budget on Direct Action, article by Ross Garnaut in The Australian Financial Review, 19 March 2014 (written in response to Greg Hunt’s letter to the Australian Financial Review, 17 March 2014)
Transcript of Grattan Institute event “Australia and California: The climate action conversation”, discussion with Mary Nichols, Ross Garnaut and Tony Wood, Melbourne, 31 July 2013 (Audio Podcast available here)
China’s Climate Change Mitigation in International Context: Issues for Australia and China – Ross Garnaut, Chapter 14 of China: A New Model for Growth and Development (edited by R. Garnaut, Cai Fang and Ligang Song), ANU Epress Canberra co-published with Social Sciences Academic Press China
Overview of challenges in the design of the 2015 agreement: participation, ambition, durability and implementation – Powerpoint presentation to the UNFCCC Ad Hoc Working Group on the Durban Platform for Enhanced Action workshop on Scope, Structure and Design of the 2015 Agreement, 29 April 2013
National Contributions to the Global Mitigation Effort: Issues for Australia and China – Keynote presentation to ‘The design and development of cost-effective market mechanisms for carbon emissions reductions in China: Economic modelling and international experience’, National Development and Reform Commission/State Information Centre Carbon Market Beijing International Workshop, Beijing, 31 January 2013
Reflections on the Economics of Australia’s Carbon Price – Presentation to The University of Queensland’s Second Risk and Sustainable Management Group Workshop “Carbon Pricing: Early Experience and Future Prospects”, Brisbane, 25 October 2012
Removing Climate Change as a Barrier to Economic Progress – The Twenty-second Colin Clark Memorial Lecture, delivered September 2012 at The University of Queensland, Brisbane, published in Economic Analysis & Policy, Volume 43 Number 1, March 2013
Submission by Ross Garnaut to the Climate Change Authority’s Review of the Renewable Energy Target, 14 September 2012
Lateline, “Carbon tax ‘economically efficient’: Garnaut”, Australian Broadcasting Corporation, Transcript, 2 July 2012 (NB: During this interview, I refer to a decision of the Supreme Court of the United States of America. The reference should be to the Court of Appeal of the United States of America. Ross Garnaut)
The Role of the CDM in Future Trading of Credits From Avoided Emissions, Research paper written at the request of the United Nations Framework Convention on Climate Change High-Level Panel for the CDM Policy Dialogue, July 2012
Can humanity manage the Anthropocene: The challenge of climate change, address to the 2012 Annual Meeting of the Consortium of Humanities Centres and Institutes, Australian National University, Canberra, 15 June 2012
In November 2010 the Minister for Climate Change and Energy Efficiency commissioned Professor Garnaut to update significant elements of his 2008 Garnaut Climate Change Review. The review update will update elements of the Garnaut Climate Change Review where significant changes have occurred, or the sum of expert knowledge has increased, since the original analysis for the 2008 Review was undertaken; and where such changes or improvements in expert knowledge could have significant implications for the key findings and recommendations of the 2008 Review.
The Review Update should consider:
- international developments on climate change mitigation efforts;
- developments in climate change science, and understanding of climate change impacts;
- previous proposals to develop a carbon price in Australia, and the ensuing public debate;
- domestic and international emissions trends;
- changes in low emissions technology costs and availability;
- the potential for abatement within the land sector; and
- developments in the Australian electricity market.
Throughout the Review Update, consultation with key stakeholders will be required to understand views and inform analysis.
A series of publicly released papers is to be prepared between November 2010 and March 2011. A final report is to be presented to the Government by 31 May 2011. The Report will embody the independent judgments of its author.
The Garnaut Climate Change Review was a study by Professor Ross Garnaut, commissioned by the Opposition Leader at the time, Kevin Rudd, and by the Australian State and Territory Governments on 30 April 2007. After his election on 24 November 2007, Prime Minister of Australia Kevin Rudd has confirmed the participation of the Commonwealth Government in the Review.
The Review examined the impacts of climate change on the Australian economy, and recommended medium to long-term policies and policy frameworks to improve the prospects for sustainable prosperity. A number of forums were held around Australia to engage the public on various issues relating to the Review. The Secretariat to support the Review was based in the Victorian Department of Premier and Cabinet. The interim report of the Garnaut Review was released on 21 February 2008 and the draft report of the Garnaut Review was released on 04 July 2008. The final report of the Garnaut Climate Change Review was delivered on 30 September 2008.
The Final Report recommended that it was in Australia’s national interest to seek an international agreement for holding carbon dioxide equivalent concentrations at 450 parts per million (ppm) or lower, with Australia offering in advance to play its full proportionate part in such an agreement. He further recommended that, should all negotiations collapse at the Copenhagen summit, Australia should still reduce its emissions by 5% by 2020 on 2000 levels.
The Review recommended that an Emissions Trading Scheme, with emissions permits being allocated by auction, should be the centrepiece of Australia’s policies to implement emissions reductions targets. The Emissions Trading Scheme should be supported by major public funding for innovation in low emissions technologies, funded from the permit auction revenues. The Final Report proposed a principled formula for assistance to trade-exposed, emissions-intensive industries, within which assistance would be phased out automatically as other countries introduced emissions pricing.
Professor Garnaut said that the overall cost to the Australian economy of tackling climate change under both the 450ppm and 550ppm scenarios was manageable and in the order of 0.1-0.2 per cent of annual economic growth to 2020.
The Garnaut Climate Change Review estimated mitigation costs for 450ppm at almost a percentage point more than 550pmm mitigation of the present value of Gross National Product through the 21st century. The report stated that stronger mitigation is justified by insurance value and non-market value benefits in the 21st century and much larger benefits beyond, and that the costs of action are less than the costs of inaction.
All papers (including transcripts of Garnaut Climate Change Review public events and the entire Final Report) produced as part of the Garnaut Climate Change Review are available online at: www.garnautreview.org.au.
Download the Garnaut Climate Change Review in PDF format:
Climate Change Related Lectures, Articles and Speeches:
What if Mainstream Science is Right? The Rout of Knowledge and Analysis in Australian Climate Change Policy (and a Chance of Recovery?), 2010 Cunningham Lecture, Academy of the Social Sciences in Australia, Canberra, 9 November 2010
China as a Great Power: Some Implications for Australia – Address to Australia China Business Council (Victoria Division) Melbourne, 13 May 2010 (See pages 8-10 for reference to recent discussion of China’s climate change policy)
Link to video and audio of Transforming Data into Policy: What can we learn from climate change policy making in Australia so far? Forum at University of Melbourne 30 March 2010. This forum looked at how well our public policy making processes have served Australia’s national interests in developing its response to climate change, including the development of support policies for trade exposed industries and for new technologies. It also considered how well we have used and communicated quantitative data to help guide and inform the policy debate. Forum moderator: Michael Gawenda. Other panelists included: The Hon Greg Combet AM, MP (Minister Assisting the Minister for Climate Change), Paul Kelly (Editor-at-large of The Australian), Rod Sims (Director, Port Jackson Partners Limited)
One Year After the Garnaut Climate Change Review:
The Garnaut Climate Change Review in the Media:
The Independent Weekly, 1 May 2009 © George Aldridge firstname.lastname@example.org
The Australian, 17 April 2009 © Jon Kudelka
6 September 2008 © Peter Nicholson www.nicholsoncartoons.com.au
The Hobart Mercury, 12 July 2008 © Jon Kudelka
The Australian, 5 July 2008 © Jon Kudelka
5 July 2008 © Peter Nicholson www.nicholsoncartoons.com.au
28 June 2008 © Peter Nicholson www.nicholsoncartoons.com.au
© Tasmanian Times
The Canberra Times, 23 February 2008 © Geoff Pryor
22 February 2008 © Peter Nicholson www.nicholsoncartoons.com.au