Sydney, 16 July 2010:

A new computer modeling tool will make it possible to gauge the effect of climate polices put forward by political parties during the Australian Federal election. Launched by the Climate Institute and Climate Risk Pty Ltd today, the model will provide independent analysis on proposed policies’ effect on national emissions. Results will be updated as polices are released through the election period.

The Climate Institute, an independent research organisation, has selected Climate Risk Pty Ltd to conduct the policy analysis using the Climate Risk Industry Sector Technology Allocation Model. The model was originally developed to identify industrial constraints on delivering a low-carbon economy in Australia and other countries.

“The model has been designed to inform investors and industry on ways to successfully navigate the growth of a low-carbon economy. It will be fascinating to use it to provide an unbiased take on the climate policies put on table during the election,” said Dr Karl Mallon, Climate Risk CEO and co-developer of the model.

“A tool like this is vital because it’s a real challenge for anyone outside government to understand the effect climate change policies have on the various sectors of our economy. The aim is to provide an unbiased, computationally robust analysis,” said Dr Mallon.

The modelling has been undertaken by Dr Karl Mallon, an international author in the field of low-carbon industrial development; and Dr Mark Hughes, an Australian physicist and Cambridge PhD holder.

For more information contact Climate Risk Australia on +61 2 8243 5767

First round modelling detail available at www.climaterisk.net & www.climateinstitute.org.au.