ClimateWorks Australia (ClimateWorks) was founded in 2009 through a partnership betweenThe Mer Foundaon and Monash Universit, with a mission to substanall reduce Australia’sgreenhouse gas emissions over the net ve ears. ClimateWorks believes the praccal stepsrequired to achieve these reducons are more likel to be undertaken if presented in an eas tounderstand, overarching and cohesive climate change strateg for Australia.This strateg has been built on the following principles:1. Establish a comprehensive fact base2. Eamine greenhouse gas (GHG) emissions reducon opportunies from mulpleperspecves (including societal and investor or business)3. Idenf the lowest cost means to reduce GHG emissions4. Understand the range of barriers to GHG emissions reducon5. Build momentum for collaborave acon based on a solid understanding of theopportunies, the economics and the barriersThis report provides the basis of a living framework that reects these principles and canincorporate new ndings and improved analsis on how to reduce GHG emissions at lowestcost as new data becomes available. It is not a detailed plan for each emissions reduconopportunit or the nal word on emissions reducon potenal and costs. Similarl it is notintended as an assessment of climate science or of the impact of GHG emissions on globaltemperatures. However, it is the basis from which to launch well considered and balancedacons to achieve GHG emissions reducon at lowest cost.While this report is focused on idenfing and eplaining the opportunies that business andthe communit have to reduce GHG emissions, it is not meant to discount the etra cost thatreducing emissions will have on some businesses and individuals. However there are man wasto reduce emissions that save costs. The intent is to highlight the praccal opportunies forbusiness to enable more Australian winners.The net step for ClimateWorks is to work with both business and eperts to unlock theopportunies idened in this plan. ClimateWorks hopes to help business, governmentand consumers idenf the lowest cost emissions reducon opportunies, thebarriers to implementaon and how to overcome them.ClimateWorks hopes readers nd this a useful contribuon to meeng theclimate change challenge Australia faces.