Climate change and the Australian agricultural and resource industries
AbstractThere is a limited case for assisting trade-exposed emissions-intensive industries during a transitional period during which Australian resource industries but not all of their major competitors are subject to emissions constraints. There is no case for protecting Australian industry from all adjustment and loss of asset values during the transition. The valid case is analogous to anti-dumping assistance, being confined to the case where weaker emissions constraints elsewhere would force adjustments that would be reversed later. The case for assistance is limited by the effect of others' weaker emissions constraints on global resource prices. Copyright 2010 The Author. Journal compilation 2010 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Asia Pty Ltd.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural and Resource Economics.
Volume (Year): 54 (2010)
Issue (Month): 1 (01)
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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-8489
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Other versions of this item:
- Garnaut, Ross, 2009. "Climate Change and the Australian Agricultural and Resource Industries," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47769, Australian Agricultural and Resource Economics Society.
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- Ross Garnaut & Stephen Howes & Frank Jotzo & Peter Sheehan, 2008. "Emissions in the Platinum Age: the implications of rapid development for climate-change mitigation," Oxford Review of Economic Policy, Oxford University Press, vol. 24(2), pages 377-401, Summer.
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