Australia's Low Pollution Future Report

Today the Rudd Government is proud to launch Australia's Low Pollution Future: The Economics of Climate Change Mitigation.

This comprehensive report contains Treasury's detailed modelling of the costs and opportunities of acting decisively to meet the challenge of climate change.

It provides fresh evidence that early action to tackle climate change will sustain growth, create new jobs and protect our economy into the future.

The report - which measures the economic impact of cutting carbon emissions through the Government's Carbon Pollution Reduction Scheme - has three key conclusions:

The Australian economy will continue to grow strongly as we reduce carbon emissions.
The earlier Australia acts, the cheaper the cost of action. The longer we delay, the more damage we risk to the Australian economy.
Many of Australia's key industries will become more, not less, competitive.