The Australia Institute has provided input to the Climate Change Authority’s (CCA) consultation on Economic Modelling.
Considering that Australia’s current Nationally Determined Contribution (NDC) toward the Paris Climate Agreement is “insufficient” against our fair share for a 1.5°C or 2°C warmed world, research supporting an ambitious 2035 NDC is hugely important.
We are concerned, however, that the modelling project as outlined in the consultation paper Economic modelling of potential Australian emissions reduction pathways is too narrow.
The consultation paper lays out that the Authority “does not propose to use this modelling exercise to assess the economic effects of physical climate change impacts, or the benefits (avoided economic costs) of greater reductions in global emissions.”