AUSTRALIA 
Key findings of Garnaut draft report
Saturday, 5 July, 2008
Garnaut's report warns that the Murray Darling basin will be wiped out without reform. (AAP)
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As professor Ross Garnaut delivered his draft report on tackling climate change, world leaders have pledged to put energy efficiency at the forefront of their environmental policies.
VIDEO: Garnaut's warning
Below are some of Professor Ross Garnaut's key findings:
* Climate change is real and urgent, and emissions trading should begin in 2010 as planned.
* Petrol should be included in emissions trading, with no cut to the excise.
* The government should spend half the revenue it gets from emissions trading on compensating poorer households.
* 30 per cent of the revenue should go to help businesses; 20 per cent to research.
* Government should not hand out free permits to pollute to businesses.
* Government should consider a fixed, low carbon price for the first two years, then allow the market to take over in 2012.
* Clean coal has a bright future and Australia should lead the world on developing the technology.
* Agriculture should be excluded from emissions trading at first.
* Without action, the Great Barrier Reef and Murray-Darling Basin will be wiped out and there will be severe economic costs.
* The report postpones recommending a carbon price or 2020 greenhouse target
Source: AAP
VIDEO: Garnaut's warning
Below are some of Professor Ross Garnaut's key findings:
* Climate change is real and urgent, and emissions trading should begin in 2010 as planned.
* Petrol should be included in emissions trading, with no cut to the excise.
* The government should spend half the revenue it gets from emissions trading on compensating poorer households.
* 30 per cent of the revenue should go to help businesses; 20 per cent to research.
* Government should not hand out free permits to pollute to businesses.
* Government should consider a fixed, low carbon price for the first two years, then allow the market to take over in 2012.
* Clean coal has a bright future and Australia should lead the world on developing the technology.
* Agriculture should be excluded from emissions trading at first.
* Without action, the Great Barrier Reef and Murray-Darling Basin will be wiped out and there will be severe economic costs.
* The report postpones recommending a carbon price or 2020 greenhouse target
Source: AAP
