The costs and benefits of greater Australian emissions reduction ambition

Vivid Economics was asked by WWF Australia to investigate the costs and benefits of shifting to a more ambitious mitigation target. The report presents new macroeconomic modelling analysis taking into account recent changes in economic and policy circumstances, especially the much lower price outlook for carbon prices in Australia and internationally. The report also investigates the effects of greater domestic mitigation effort with fewer imported emissions reductions. Finally, the possible long-term benefits associated with taking more ambitious action on climate change are reviewed.