Download or read book Pricing Carbon in Australia written by Rebecca Pearse and published by Routledge. This book was released on 2017-11-08 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Carbon Pricing written by John Quiggin and published by Edward Elgar Publishing. This book was released on 2014-04-25 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Download or read book Australia s Carbon Pricing Strategies in a Global Context written by Robert Waschik and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book OECD Series on Carbon Pricing and Energy Taxation Effective Carbon Rates 2021 Pricing Carbon Emissions through Taxes and Emissions Trading written by OECD and published by OECD Publishing. This book was released on 2021-05-05 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Carbon pricing very effectively encourages the shift of production and consumption choices towards low and zero carbon options that is required to limit climate change. Are countries using this tool to its full potential? This report measures the pricing of CO2-emissions from energy use in 44 OECD and G20 countries, covering around 80% of world emissions.

Download or read book What Went Wrong Lessons from a Short Lived Carbon Price in Australia written by Elena Aydos and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Can We Price Carbon written by Barry G. Rabe and published by MIT Press. This book was released on 2018-04-20 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: A political science analysis of the feasibility and sustainability of carbon pricing, drawing from North American, European, and Asian case studies. Climate change, economists generally agree, is best addressed by putting a price on the carbon content of fossil fuels—by taxing carbon, by cap-and-trade systems, or other methods. But what about the politics of carbon pricing? Do political realities render carbon pricing impracticable? In this book, Barry Rabe offers the first major political science analysis of the feasibility and sustainability of carbon pricing, drawing upon a series of real-world attempts to price carbon over the last two decades in North America, Europe, and Asia. Rabe asks whether these policies have proven politically viable and, if adopted, whether they survive political shifts and managerial challenges over time. The entire policy life cycle is examined, from adoption through advanced implementation, on a range of pricing policies including not only carbon taxes and cap-and-trade but also such alternative methods as taxing fossil fuel extraction. These case studies, Rabe argues, show that despite the considerable political difficulties, carbon pricing can be both feasible and durable.

Download or read book Carbon Pricing that Builds Consensus and Reduces Australia s Emissions written by Frank Jotzo and published by . This book was released on 2014 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Global Carbon Pricing written by Peter Cramton and published by MIT Press. This book was released on 2017-06-16 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. They show that a “common commitment” scheme is more effective than an “individual commitment” scheme; the latter depends on altruism while the former involves reciprocity (“we will if you will”). The contributors propose that global carbon pricing is the best candidate for a reciprocal common commitment in climate negotiations. Each country would commit to placing charges on carbon emissions sufficient to match an agreed global price formula. The contributors show that carbon pricing would facilitate negotiations and enforcement, improve efficiency and flexibility, and make other climate policies more effective. Additionally, they analyze the failings of the 2015 Paris climate conference. Contributors Richard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier, Éloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph E. Stiglitz, Steven Stoft, Jean Tirole, Martin L. Weitzman

Download or read book The Garnaut Review 2011 written by Ross Garnaut and published by Cambridge University Press. This book was released on 2011-06-30 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this update to the 2008 Garnaut Climate Change Review, Ross Garnaut re-examines the case for action in the aftermath of the global financial crisis and recent developments by major countries to reduce emissions and prepare for a low-carbon future. He guides the reader through the climate change debate, and explains why Australia's contribution is vital to the national interest and matters to the global effort. He outlines a set of policies through which Australia can contribute its fair share without damaging Australian prosperity. The Garnaut Review 2011: Australia in the Global Response to Climate Change extends the analysis to contemporary economic, political and environmental conditions in a way that is clear and easy to understand. It is an essential resource for all who care about the future of our economy and environment.

Download or read book Superpower written by Ross Garnaut and published by Black Inc.. This book was released on 2019-11-06 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fog of Australian politics on climate change has obscured a fateful reality: Australia has the potential to be an economic superpower of the future post-carbon world. We have unparalleled renewable energy resources. We also have the necessary scientific skills. Australia could be the natural home for an increasing proportion of global industry. But how do we make this happen? In this crisp, compelling book, Australia’s leading thinker about climate and energy policy offers a road map for progress, covering energy, transport, agriculture, the international scene and more. Rich in ideas and practical optimism, Superpower is a crucial, timely contribution to this country’s future.

Download or read book Implementing a Surrender Charge for International Units written by and published by . This book was released on 2011 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Australia Points of View written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Carbon Pricing and Reducing Australia s Emissions written by and published by . This book was released on 2011 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Lessons for Canada written by Tony Beck and published by . This book was released on 2012 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Policy Uncertainty About Australia s Carbon Price written by Frank Jotzo and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Poverty and Distributional Impacts of Carbon Pricing Channels and Policy Implications written by Baoping Shang and published by International Monetary Fund. This book was released on 2021-06-25 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.

Download or read book The Australian Carbon Pricing Experience written by Justin Dabner and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2010 the Japanese Government made substantial commitments to the reduction in greenhouse gas emissions. In particular it proposed a 25% reduction on 1990 levels by 2020 and an 80% reduction by 2050. At the forefront of this policy was to be an additional (carbon) tax on fossil fuels, strategies to promote renewable energy (in particular a feed-in tariff) and an emissions trading scheme. Notoriously there was to be greater reliance on nuclear energy. Subsequent events conspired to derail these plans. The Fukushima power station disaster forced the Government to reconsider nuclear power. Continued global economic uncertainty, together with the damage to the economy caused by the March 2011 tsunami, resulted in the deferral of the introduction of the emissions trading scheme. Meanwhile on July 1, 2012 the Australian Government introduced a hybrid carbon tax/emissions trading scheme putting it at the cutting edge of climate change response using fiscal measures. However the path to the introduction of this regime was not easy and its future is not assured. Whilst Australia had been active in negotiating the 1997 Kyoto Protocol, and an early signatory, during the subsequent decade the Liberal coalition Government refused to embrace a price on carbon, the centerpiece of the Protocol, even questioning the science on climate change. With the election of a Labor Government in 2007 the Kyoto Protocol was promptly ratified and an emissions trading scheme proposed. However the proposal met neither the expectations of environmentalists nor industry and in 2010 it was shelved upon failing to pass through Parliament for a third time. Although it seemed that the impetus had been lost, with the toppling of a Prime Minister later that year and a Federal election resulting in Labor forming a coalition with the Greens, momentum again swung in favour of an emissions trading scheme. Meanwhile the Liberal coalition Opposition remains divided as to the approach it would adopt if it wins government in the elections scheduled for late 2013. Having dismissed one party leader for promoting an emissions trading scheme, the current policy of the party is that it would repeal the Government's scheme and focus on emissions reduction strategies requiring other than a fiscal response. There may be political economy lessons for the rest of the world, including Japan, in how the carbon tax / emissions trading scheme was designed and implemented in Australia. This paper explores the developments in Australia. It is hoped that Japanese policy analysts might find the Australian experience informative.