How Green is your scheme? Greenhouse gas control the Australian way

A. Y. H. Lo; Clive L. Spash

doi:10.1016/j.enpol.2012.07.052

How Green is your scheme? Greenhouse gas control the Australian way

A. Y. H. Lo, Clive L. Spash

AE Novy

Publication: Scientific journal › Journal article › peer-review

Abstract

Australia managed to pass a national carbon pricing scheme into legislation in November 2011, which has come into effect from July 2012. The scheme includes elements of a CO2-equivalent tax as a short prelude to emission trading. Several fundamental problems remain unaddressed, including: the continuing rise of emissions, the scale of growth and economic activity, the promotion of emission trading, subsidies to polluters, the hidden promotion of banking and finance sectors. The new policy appears primarily targeted at job creation and business as usual. We argue that the prospects for any meaningful reduction in emission levels are extremely unlikely.

Original language	English
Pages (from-to)	150 - 153
Journal	Energy Policy
Volume	50
Issue number	Nov.
DOIs	https://doi.org/10.1016/j.enpol.2012.07.052
Publication status	Published - 2012

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title = "How Green is your scheme? Greenhouse gas control the Australian way",

abstract = "Australia managed to pass a national carbon pricing scheme into legislation in November 2011, which has come into effect from July 2012. The scheme includes elements of a CO2-equivalent tax as a short prelude to emission trading. Several fundamental problems remain unaddressed, including: the continuing rise of emissions, the scale of growth and economic activity, the promotion of emission trading, subsidies to polluters, the hidden promotion of banking and finance sectors. The new policy appears primarily targeted at job creation and business as usual. We argue that the prospects for any meaningful reduction in emission levels are extremely unlikely.",

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AB - Australia managed to pass a national carbon pricing scheme into legislation in November 2011, which has come into effect from July 2012. The scheme includes elements of a CO2-equivalent tax as a short prelude to emission trading. Several fundamental problems remain unaddressed, including: the continuing rise of emissions, the scale of growth and economic activity, the promotion of emission trading, subsidies to polluters, the hidden promotion of banking and finance sectors. The new policy appears primarily targeted at job creation and business as usual. We argue that the prospects for any meaningful reduction in emission levels are extremely unlikely.

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U2 - 10.1016/j.enpol.2012.07.052

DO - 10.1016/j.enpol.2012.07.052

M3 - Journal article

SN - 0301-4215

VL - 50

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JO - Energy Policy

JF - Energy Policy

IS - Nov.

ER -

How Green is your scheme? Greenhouse gas control the Australian way

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