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Australia's Carbon Tax: An Economic Evaluation

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  • Alex Robson

Abstract

Australia's carbon tax has been in place since July 2012. Following the 2013 federal election and change of government, it is likely that the tax will be abolished. This paper evaluates Australia's carbon tax experience and draws lessons for policymakers in other jurisdictions who may be considering following the Australian example and implementing their own carbon taxes or cap and trade schemes. Overall, the policy was poorly thought through, badly implemented, and lacked majority public support before it began. Australia's carbon tax experience is an interesting case study in how not to go about implementing climate change policy.

Suggested Citation

  • Alex Robson, 2014. "Australia's Carbon Tax: An Economic Evaluation," Economic Affairs, Wiley Blackwell, vol. 34(1), pages 35-45, February.
    • Handle: RePEc:bla:ecaffa:v:34:y:2014:i:1:p:35-45
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    File URL: http://hdl.handle.net/10.1111/ecaf.12061
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    References listed on IDEAS

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    1. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
    2. Henry Ergas & Alex Robson, 2012. "Modelling as Agit-prop: The Treasury's Role in Australia's Carbon Tax Debate," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 19(2), pages 9-22.
    3. Garnaut,Ross, 2008. "The Garnaut Climate Change Review," Cambridge Books, Cambridge University Press, number 9780521744447.
    4. Alex Robson, 2007. "The Prime Ministerial Task Group on Emissions Trading: A Solution in Search of a Problem," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 14(3), pages 19-26.
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    Cited by:

    1. Nur Sunar & Erica Plambeck, 2016. "Allocating Emissions Among Co-Products: Implications for Procurement and Climate Policy," Manufacturing & Service Operations Management, INFORMS, vol. 18(3), pages 414-428, July.
    2. Alex Robson, 2015. "The Australian Economy and Economic Policy During and After the Mining Boom," Economic Affairs, Wiley Blackwell, vol. 35(2), pages 307-316, June.
    3. Simshauser, Paul, 2018. "Garbage can theory and Australia's National Electricity Market: Decarbonisation in a hostile policy environment," Energy Policy, Elsevier, vol. 120(C), pages 697-713.
    4. Michael G. Pollitt, 2016. "A Global Carbon Market?," Cambridge Working Papers in Economics 1615, Faculty of Economics, University of Cambridge.
    5. Hammerle, Mara & Best, Rohan & Crosby, Paul, 2021. "Public acceptance of carbon taxes in Australia," Energy Economics, Elsevier, vol. 101(C).
    6. Brendan Markey‐Towler, 2019. "The New Microeconomics: A Psychological, Institutional, and Evolutionary Paradigm with Neoclassical Economics as a Special Case," American Journal of Economics and Sociology, Wiley Blackwell, vol. 78(1), pages 95-135, January.
    7. McLaughlin, Craig & Elamer, Ahmed A. & Glen, Thomas & AlHares, Aws & Gaber, Hazem Rasheed, 2019. "Accounting society's acceptability of carbon taxes: Expectations and reality," Energy Policy, Elsevier, vol. 131(C), pages 302-311.

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