PiMan
Deity
Live modestly - do you have any idea what it would mean? I imagine the Australians wouldn't like to ration water (no lengthy showers every day), give up on eating juicy steakes whenever they want, on driving cars, using plastics etc. etc. Telling the first world citizens that they have to live modestly would be like saying to a millionaire that he has to live in a shack with three other people.
The "modest" it is referring to, is to match the lifestyle of the average European but with 40% the greenhouse emissions. It would involve significant changes in lifestyle, but more importantly a change in resources used for power generation. No more brown coal plants, no more black coal plants, not even any gas plants. Also, no more cotton or rice growing, and no more aluminium processing plants (recycled should be OK).
Southern Australia already has water problems and water restrictions. The average dam storage levels for Melbourne dams is 25.7%, and they don't look like they're improving much any time soon.