The Stern Review – released in October 2006 by the British Government – is generally considered the most authoritative source on the economics of climate change. Among other things, it concludes that the cost of reducing global emissions is significantly less than the probable costs associated with letting climate change continue on its present course. Now, Australia has released a similar assessment, in the form of the Garnaut Climate Change Review.
Only the interim report is available so far, but it’s likely to make interesting reading for Canadians concerned about climate change. In many ways, the Canadian economy is more similar to that of Australia than it is to that of England. As such, this report may offer some especially useful insights.
P.S. I have some notes from a lecture Stern gave in Oxford.