An Australian Cost Curve for Greenhouse Gas Reduction

McKinsey & Company has worked with leading institutions and experts over the past 2 years to develop an understanding of the costs and potential of different options for reducing greenhouse gas emissions -- first at a global level, then through country-specific analyses including efforts in the UK, the US and Germany. This report presents the Australian perspective. It links environmental with economic outcomes in a way that allows fact-based decision making on the most efficient means of reducing the nation's greenhouse gas emissions as we transition to a
carbon-constrained economy.

Emission-reduction measures have been evaluated both for their potential impact on avoiding greenhouse gas emissions in 2020 and 2030 and their associated implementation costs. It is not expected that this analysis will be the final word on how to reduce emissions or meet targets; rather it should be understood as a factual basis upon which to guide Australia's policy choices and inform business leaders on an effective response to the challenge of climate change.

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