Australian knowledge, talents and natural advantages, and not US subsidies, will underwrite decarbonisation of the rich and densely populated economies of Northeast Asia and Europe.
Ross Garnaut is a Distinguished Professor at the ANU, a Vice Chancellor’s Fellow at the University of Melbourne and Adviser on climate change to the Australian Government.
Under the deal, the 215 biggest polluting facilities in Australia such as coal mines and gas plants will have to reduce their net emissions by almost five per cent each year until 2030