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:

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.

Enviros think it’s far too weak.

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