Economic impact of climate change measures
The Australian economy[edit | edit source]
A report by the Australian government scientific body, the CSIRO,W estimates the cost of serious action at between  The cost of inaction on the Australian economy is estimated to be much greater, for example due to increased droughts, and widespread destruction of the Barrier Reef.
Notes[edit | edit source]
- Broken link - can't find a live link. Replace with other reputable sources. "climate+change"+cost+report Many here but which are reliable?
- For comparison, consider the effect of the 2006-07 drought: "the drought is estimated to reduce economic growth in Australia in 2006-07 by around 0.7 percentage points from what would otherwise have been achieved." and the previous drought had a similar impact - drought update - Australian Crop and Livestock Report, 27 October 2006, by the Australian Bureau of Agricultural and Resource EconomicsW (ABARE).
- Reef 'facing extinction', Liz Minchin, The Age,W January 30, 2007: "Tourism accounts for 4.2 per cent of Australia's economy, with the Barrier Reef alone worth about $5.8 billion a year in associated tourist dollars and sustaining the equivalent of 63,000 full-time jobs." $5.8 billion a year equates to approximately 0.9% of the Australian economy.