The final, 700-page Garnaut Report is out. (More about the report — Australia’s version of the U.K.’s Stern Report — here.)

Says Wiki:

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The report recommended that Australia push internationally for a carbon dioxide equivalent concentrations of 450 ppm, which would commit Australia to reductions of 25% on 2000 levels by 2020, and 90% by 2050. He also recommended that Australia have a fall-back position of 550 CO2 -e concentration, which would entail a 10% reduction in emissions by 2020, and an 80% reduction by 2050. He further recommended that, should all negotiations collapse at the Copenhagen summit, Australia should still reduce its emissions by 5% by 2020 on 2000 levels.

Conservatives think it will lead to the wholesale destruction of Australia’s economy.

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Enviros think it’s far too weak.

Any Aussies out there in the audience? What do y’all think?