04 November 2006, Australian Financial Review

Stern words that make global leaders hot and bothered

Following the Stern Review John Howard remains firmly where he has always been: on the defensive, writes Geoff Kitney.

His position is understandable, says James Cameron of UK-based Climate Change Capital. It is natural, he says, that with its huge fossil-fuel based resource industries, Australia would see the gathering momentum of the climate change debate as a threat. "But it is also wrong," he says. "Because of the nature of its economy, Australia has a stronger interest than most in adapting to a new low-carbon age. Failure to do so would be very serious for Australia's future prosperity."

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