Pricing Carbon In Australia
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Pricing Carbon In Australia
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Author : Rebecca Pearse
language : en
Publisher: Routledge
Release Date : 2017-11-08
Pricing Carbon In Australia written by Rebecca Pearse and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-08 with Business & Economics categories.
In the mid-2000s it seemed that the global carbon market would take off and spark the worldwide transition to a profitable low carbon economy. A decade on, the experiment in carbon trading is failing. Carbon market schemes have been plagued by problems and resistance to carbon pricing has come from the political Left and Right. In the Australian case, a national emissions trading scheme (ETS) was dismantled after a long, bitter public debate. The replacement ‘Direct Action Plan’ is also in disrepute. Pricing Carbon in Australia examines the rise and fall of the ETS in Australia between 2007 and 2015, exploring the underlying contradictions of marketised climate policy in detail. Through this and other international examples, the book offers a critique of the political economy of marketised climate policy, exploring why the hopes for global carbon trading have been dashed. The Australian case is interpreted in light of a broader legitimation crisis as state strategies for (temporarily) displacing the climate crisis continue to fail. Importantly, in the wake of carbon market failure, alternative agendas for state action are emerging as campaigns for the retrenchment of fossil fuel assets and for just renewable energy transition continue transforming climate politics and policy as we know it. This book is a valuable resource for practitioners and academics in the fields of environmental policy and politics and social movement studies.
Australia S Carbon Pricing Strategies In A Global Context
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Author : Robert Waschik
language : en
Publisher:
Release Date : 2013
Australia S Carbon Pricing Strategies In A Global Context written by Robert Waschik and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The sectoral impacts of Australia's carbon pricing policies are analyzed in a setting where Australia acts unilaterally to address its carbon emissions and where there is no global market for traded carbon permits. While theory and interest group advocacy suggest a case for compensating Australian producers whose outputs become less competitive because Australia unilaterally prices carbon, this case is sometimes exaggerated. For example, in the ferrous metals sector, analysis suggests that gains from such refinements are low since carbon leakages and adverse competitiveness effects are small. In other sectors - such as non-ferrous metals - the effects are more pronounced. Exaggerating the competitiveness costs of carbon pricing risks policy overreaction and unintended protectionism, thereby reducing the net benefits from Australian carbon pricing.
Carbon Pricing
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Author : John Quiggin
language : en
Publisher: Edward Elgar Publishing
Release Date : 2014-04-25
Carbon Pricing written by John Quiggin and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-25 with Business & Economics categories.
In 2012, Australia took the major step of introducing a carbon price, involving the creation of a system of emissions permits initially issued at a fixed price. Carbon Pricing brings together experts instrumental in the development, and operation, of A
What Went Wrong Lessons From A Short Lived Carbon Price In Australia
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Author : Elena Aydos
language : en
Publisher:
Release Date : 2015
What Went Wrong Lessons From A Short Lived Carbon Price In Australia written by Elena Aydos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
While the world is steadily moving towards pricing carbon, Australia became the first country to discard a mandatory carbon pricing scheme. The Carbon Pricing Mechanism (CPM) commenced on 1 July 2012 and operated until 1 July 2014. The short-lived CPM displayed innovative features and had the potential to achieve its environmental goals without serious harm to the economy. This chapter describes the CPM legal framework, highlighting the transitional phase known as 'fixed charge years' and the implementation of safety valves aimed at ensuring the stability of the carbon price following auction. Further, it discusses the political process leading to the implementation and ultimately the abolishment of the CPM. It concludes that the repeal of the CPM is not justifiable by design or implementation issues. The successes and failures of the scheme provide relevant lessons to countries discussing or planning to implement a carbon price in the near future.
Implementing A Surrender Charge For International Units
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Author :
language : en
Publisher:
Release Date : 2011
Implementing A Surrender Charge For International Units written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Carbon Pricing That Builds Consensus And Reduces Australia S Emissions
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Author : Frank Jotzo
language : en
Publisher:
Release Date : 2014
Carbon Pricing That Builds Consensus And Reduces Australia S Emissions written by Frank Jotzo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
This paper identifies principles for carbon pricing that could attract a broad based and durable societal consensus in Australia. It applies these principles to a phased carbon pricing architecture as put forward by Australia's Multi-Party Committee on Climate Change, namely a government determined (fixed) carbon price transitioning to emissions trading. Linking to international carbon markets decouples Australia's domestic carbon price from its national emissions target, allowing significant net national emissions reductions with manageable transitional impacts. A fixed price in the near term can end costly delays to carbon pricing while dealing with uncertainties about Australia's target and international markets. A strategy is outlined to manage international uncertainties and to accommodate the multiple goals of domestic constituencies, while achieving efficiency and effectiveness. First, ensure the medium term carbon price is high enough to for emissions to begin to trend down in the next few years, recognising that investment decisions are shaped by current expectations about future prices. Second, set the initial price at a level that gives confidence that short run impacts will be manageable, given other transitional assistance. Third, ensure that wider policy settings do not compromise incentives for reducing emissions, and make the scheme robust in the face of competing claims for carbon revenue and lobbying efforts. For Australian carbon pricing policy, these principles suggest the carbon price may need to rise rapidly over the course of the decade, to double or more compared to starting prices that are currently in the Australian discussion. Payments of carbon pricing revenue to industry may need to be limited to create more room for income tax cuts, possibly by means of an overall cap and accelerated phase-out of industry assistance. Forestry and agricultural offsets can be supported through the scheme, but at the cost of fiscal revenue.
Policy Uncertainty About Australia S Carbon Price
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Author : Frank Jotzo
language : en
Publisher:
Release Date : 2014
Policy Uncertainty About Australia S Carbon Price written by Frank Jotzo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Australia's carbon-pricing policy remains in doubt due to a lack of bipartisan political support. A survey of Australian-based carbon-pricing experts demonstrates profound policy uncertainty: 40 per cent of respondents expect the current carbon-pricing mechanism to be repealed, but 80 per cent expect that there will be a carbon price in 2020. The forward price curve is U-shaped and has great variance, with the 60 per cent confidence interval spanning from zero to A$25/t in 2020. Carbon policy uncertainty causes large excess costs in Australia's energy sector and may result in delay and diversion of investment.
Lessons For Canada
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Author : Tony Beck
language : en
Publisher:
Release Date : 2012
Lessons For Canada written by Tony Beck and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Carbon dioxide mitigation categories.
Australia Points Of View
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Author :
language : en
Publisher:
Release Date : 2023
Australia Points Of View written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Australia S Carbon Pricing Mechanism
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Author : Lisa Caripis
language : en
Publisher:
Release Date : 2013
Australia S Carbon Pricing Mechanism written by Lisa Caripis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The commencement of the carbon pricing mechanism (CPM) on 1 July 2012 marks a significant milestone in Australia's legal and policy response to climate change. Negotiated as part of a suite of measures forming the Clean Energy Package, the CPM represents an important achievement for Australia, which has up until this point struggled to implement comprehensive national climate change policy. After an initial fixed price period, the CPM will transition to fully flexible cap-and-trade emissions trading scheme on 1 July 2015, bringing it into line with other jurisdictions around the world. This note outlines five key features of the CPM: (1) the institutions and governance arrangements; (2) the price containment measures; (3) the scope for inclusion of offset credits; (4) the possibility for linking with other emissions trading schemes; and (5) the compensation arrangements for emissions-intensive industries. The article comments on how these design features affect Australia's ability to contribute effectively to global emissions reduction efforts through the CPM.