Month: July 2008

The ETS Green Paper

The ETS Green Paper

There weren’t, unfortunately, too many surprises in the Green Paper on the Emissions Trading Scheme released by the Australian government yesterday.  It is a limp response to climate change, and likely to be ineffective in actually reducing emissions.  As canvassed in earlier posts, among its key design deficiencies are: 1.  The use of excise tax […]

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Climate test for the Australian Government

Climate test for the Australian Government

The Australian Government’s Emissions Trading Scheme (ETS) Green Paper is due to be released tomorrow (Wednesday).  It represents a critical test of the government’s credibility and willingness to govern for the whole community, present and future. It’s important to remember that an ETS is not a comprehensive response to climate change, although it’s being portrayed as […]

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Garnaut and after

Garnaut and after

The Garnaut Climate Change Review, released this week, is a responsible and measured analysis of the implications of climate change for Australia and policy options available to it.  Most of the best-regarded economic and policy elements are there: an emissions trading scheme, with initial permits sold to emitters; the allocation of this income (the ‘double […]

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