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

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  • Lo, Alex Y.
  • Spash, Clive L.

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.

Suggested Citation

  • Lo, Alex Y. & Spash, Clive L., 2012. "How Green is your scheme? Greenhouse gas control the Australian way," Energy Policy, Elsevier, vol. 50(C), pages 150-153.
    • Handle: RePEc:eee:enepol:v:50:y:2012:i:c:p:150-153
    DOI: 10.1016/j.enpol.2012.07.052
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    References listed on IDEAS

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    1. Clive L. Spash & Alex Y. Lo, 2012. "Australia's Carbon Tax: A Sheep in Wolf's Clothing?," The Economic and Labour Relations Review, , vol. 23(1), pages 67-85, February.
    2. Whitesell,William C., 2011. "Climate Policy Foundations," Cambridge Books, Cambridge University Press, number 9781107002289.
    3. Michael Grubb & Christian Azar & U. Martin Persson, 2005. "Allowance allocation in the European emissions trading system: a commentary," Climate Policy, Taylor & Francis Journals, vol. 5(1), pages 127-136, January.
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    Cited by:

    1. Lo, Alex Y & Mai, Lindsay Qianqing & Lee, Anna Ka-yin & Francesch-Huidobro, Maria & Pei, Qing & Cong, Ren & Chen, Kang, 2018. "Towards network governance? The case of emission trading in Guangdong, China," Land Use Policy, Elsevier, vol. 75(C), pages 538-548.
    2. Spash, Clive L., 2014. "The Politics of Researching Carbon Trading in Australia," SRE-Discussion Papers 2014/03, WU Vienna University of Economics and Business.
    3. Lo, Alex Y., 2013. "Agreeing to pay under value disagreement: Reconceptualizing preference transformation in terms of pluralism with evidence from small-group deliberations on climate change," Ecological Economics, Elsevier, vol. 87(C), pages 84-94.

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