Leader, follower or free rider? The economic impacts of different Australian emission targets

This economic analysis by policy experts from CSIRO, The Climate Institute, Monash University and McLennan Magasanik Associates examined a range of scenarios to explore the relative costs of Australia free riding and following other industrialised countries in the global efforts to avoid dangerous climate change versus Australia taking a leadership position. It concludes that making very substantial reductions in Australia's net greenhouse emissions is affordable, and compatible with continuing growth in incomes, employment and living standards.