Grandfathering and greenhouse: the role of compensation and adjustment assistance in the introduction of a carbon emissions trading scheme for Australia
AbstractThe terms ‘grandfather clause’ and ‘grandfathering’ describe elements of a policy program in which existing participants in an activity are protected from the impact of regulations, restrictions or charges applied to new entrants. In this paper, the role of grandfathering in the design of a carbon emissions trading scheme in Australia is assessed. It is argued that adjustment assistance policies such as those adopted in conjunction with previous microeconomic reform programs are preferable to policies based on the free issue of emissions permits.
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Bibliographic InfoPaper provided by Risk and Sustainable Management Group, University of Queensland in its series Climate Change Working Papers with number WPC08_4.
Date of creation: Feb 2008
Date of revision: 2008
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grandfathering; emissions trading; compensation; adjustment assistance;
Other versions of this item:
- Flavio Menezes & John Quiggin & Liam Wagner, 2009. "Grandfathering and Greenhouse: The Role of Compensation and Adjustment Assistance in the Introduction of a Carbon Emissions Trading Scheme for Australia," Economic Papers, The Economic Society of Australia, vol. 28(2), pages 82-92, 06.
- Menezes, Flavio & Quiggin, John C. & Wagner, Liam, 2009. "Grandfathering and greenhouse: the role of compensation and adjustment assistance in the introduction of a carbon emissions trading scheme for Australia," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 48042, Australian Agricultural and Resource Economics Society.
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Costs; Distributional Effects; Employment Effects
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
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- Wood, Peter John & Jotzo, Frank, 2009.
"Price Floors for Emissions Trading,"
94885, Australian National University, Environmental Economics Research Hub.
- Peter Wood & Frank Jotzo, 2009. "Price Floors for Emissions Trading," Environmental Economics Research Hub Research Reports 0936, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
- Peter John Wood & Frank Jotzo, 2009. "Price Floors for Emissions Trading," Working Papers 2009.118, Fondazione Eni Enrico Mattei.
- Patrick Hamshere & Liam Wagner, 2012. "Potential Impacts of Subprime Carbon on Australia’s Impending Carbon Market," Energy Economics and Management Group Working Papers 14, School of Economics, University of Queensland, Australia.
- Neil Ross Lambie, 2010. "Understanding the effect of an emissions trading scheme on electricity generator investment and retirement behaviour: the proposed Carbon Pollution Reduction Scheme," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(2), pages 203-217, 04.
- Freebairn, John W., 2011. "A Tax Mix Change to Reduce Greenhouse Gas Emissions," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100551, Australian Agricultural and Resource Economics Society.
- Phil Wild & William Paul Bell & John Foster, 2012. "The Impact of Carbon Pricing on Wholesale Electricity Prices, Carbon Pass-Through Rates and Retail Electricity Tariffs in Australia," Energy Economics and Management Group Working Papers 5-2012, School of Economics, University of Queensland, Australia.
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