The Garnaut Climate Change Review: final report.

The weight of scientific evidence tells us that Australians are facing risks of damaging climate change. The risk can be substantially reduced by strong, effective and early action by all major economies. Australia will need to play its full proportionate part in global action. As one of the developed countries, its full part will be relatively large, and involve major early changes to established economic structure. The work of the Review shows that the costs of Australia playing its proportionate part in an effective global effort, while considerable, are manageable. There is a path to Australia being a low-emissions economy by the middle of the 21st century, consistently with continuing strong growth in material living standards. By the end of the 21st century, and beyond, more so with each passing decade material living standards would be higher with than without mitigation of climate change. Chapter 21 is entitled "Transforming transport".