Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/18327
Title: | Australian Climate Change Policy: Where To From Here? | Contributor(s): | Nelson, Timothy (author) | Publication Date: | 2015 | DOI: | 10.1111/1759-3441.12114 | Handle Link: | https://hdl.handle.net/1959.11/18327 | Abstract: | Over the past decade, Australia's approach to climate change policy could be described as erratic. In 2007, both major political parties announced support for a domestic emissions trading scheme (ETS) but bipartisan agreement evaporated in 2009. An ETS was established in 2011 but then repealed in 2014. The Commonwealth Government has subsequently introduced a "Direct Action" climate change policy, but there is little political agreement about the best long-term policy approach. This is unfortunate given climate science is indicating that relatively significant cuts to emissions may be required to avoid "dangerous climate change." This article provides some insights for future Australian climate change policy suggested by an analysis of the realities of electricity generation costs, international policy settings and Australian policy history. Enlightened and effective policy cannot ignore how comparative generation costs affect incentives to replace existing assets and how different policy instruments impact on electricity prices. As a significant exporter of emitting fuels, Australia would also be wise to consider how to manage the economic risks of reduced international demand for these fuels in the absence of technological development that eliminates externality costs. Such consideration could be focused on both reductions in domestic emissions and Australia's strategic negotiating position ahead of international climate change mitigation negotiations in late 2015. | Publication Type: | Journal Article | Grant Details: | ARC/LP120200192 | Source of Publication: | Economic Papers, 34(4), p. 257-272 | Publisher: | Wiley-Blackwell Publishing Asia | Place of Publication: | Australia | ISSN: | 1759-3441 0812-0439 |
Fields of Research (FoR) 2008: | 050204 Environmental Impact Assessment | Fields of Research (FoR) 2020: | 410402 Environmental assessment and monitoring | Socio-Economic Objective (SEO) 2008: | 859803 Management of Greenhouse Gas Emissions from Energy Activities (excl. Electricity Generation) 960301 Climate Change Adaptation Measures |
Socio-Economic Objective (SEO) 2020: | 190306 Management of greenhouse gas emissions from energy activities 190101 Climate change adaptation measures (excl. ecosystem) |
Peer Reviewed: | Yes | HERDC Category Description: | C1 Refereed Article in a Scholarly Journal |
---|---|
Appears in Collections: | Journal Article |
Files in This Item:
File | Description | Size | Format |
---|
SCOPUSTM
Citations
25
checked on Feb 24, 2024
Page view(s)
1,140
checked on Sep 24, 2023
Items in Research UNE are protected by copyright, with all rights reserved, unless otherwise indicated.