The early and orderly movement to zero-emissions electricity is the cornerstone of the decarbonisation of the Australian economy. It is also the foundation for Australia’s emergence as a superpower of the post-carbon world economy.
In 2008, electricity generation accounted for nearly 40 per cent of Australian emissions. A decade later, electricity emissions had fallen significantly in absolute levels, to about a third of the total.
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Ross Garnaut is emeritus professor of economics at University of Melbourne. His new book Let’s Tax Carbon and Other Ideas for a Better Australia is published by Black Inc with La Trobe University Press.
