Could Australia become a full-employment, renewable-energy superpower? Ross Garnaut says yes, and it starts with taxing carbon. A levy on the big polluters will help fund Australia to become a carbon-free energy giant, lower the cost of living and assist the world to cut emissions. In this path-breaking book, Garnaut focuses on the underpinnings of successful social democracy. He traces when economic policy has worked for Australia and when it hasn't, and critiques the Albanese government's stilted progress. He also explores the extraordinary low-carbon opportunity Australia has before it, utilising his unrivalled expertise on industrial development. Getting this right, Garnaut argues, would secure the economic base of Australia's social democracy. A thought-provoking book by a visionary thinker, eminent economist and author of the bestselling Superpower. 'The nation's most prophetic economist' -Ross Gittins Ross Garnaut is emeritus professor of economics at the University of Melbourne and the Australian National University, and director of both the Superpower Institute and ZEN Energy. In 2008, he produced the Garnaut Climate Change Review for the Australian government. He is the author or editor of many books, including the bestselling Dog Days, Superpower, Reset and The Superpower Transformation.