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What Went Wrong? Lessons from a Short-Lived Carbon Price in Australia

What Went Wrong? Lessons from a Short-Lived Carbon Price in Australia PDF Author: Elena Aydos
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
While the world is steadily moving towards pricing carbon, Australia became the first country to discard a mandatory carbon pricing scheme. The Carbon Pricing Mechanism (CPM) commenced on 1 July 2012 and operated until 1 July 2014. The short-lived CPM displayed innovative features and had the potential to achieve its environmental goals without serious harm to the economy. This chapter describes the CPM legal framework, highlighting the transitional phase known as 'fixed charge years' and the implementation of safety valves aimed at ensuring the stability of the carbon price following auction. Further, it discusses the political process leading to the implementation and ultimately the abolishment of the CPM. It concludes that the repeal of the CPM is not justifiable by design or implementation issues. The successes and failures of the scheme provide relevant lessons to countries discussing or planning to implement a carbon price in the near future.

What Went Wrong? Lessons from a Short-Lived Carbon Price in Australia

What Went Wrong? Lessons from a Short-Lived Carbon Price in Australia PDF Author: Elena Aydos
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
While the world is steadily moving towards pricing carbon, Australia became the first country to discard a mandatory carbon pricing scheme. The Carbon Pricing Mechanism (CPM) commenced on 1 July 2012 and operated until 1 July 2014. The short-lived CPM displayed innovative features and had the potential to achieve its environmental goals without serious harm to the economy. This chapter describes the CPM legal framework, highlighting the transitional phase known as 'fixed charge years' and the implementation of safety valves aimed at ensuring the stability of the carbon price following auction. Further, it discusses the political process leading to the implementation and ultimately the abolishment of the CPM. It concludes that the repeal of the CPM is not justifiable by design or implementation issues. The successes and failures of the scheme provide relevant lessons to countries discussing or planning to implement a carbon price in the near future.

Paying the Carbon Price

Paying the Carbon Price PDF Author: Elena de Lemos Pinto Aydos
Publisher: Edward Elgar Publishing
ISBN: 1786439417
Category : Business & Economics
Languages : en
Pages : 287

Book Description
Paying the Carbon Price analyses the practice of freely allocating permits in Emissions Trading Schemes (ETSs) and demonstrates how many heavy polluters participating in ETSs are not yet paying the full price of carbon. This innovative book provides a framework to assist policymakers in the design of transitional assistance measures that are both legally robust and will support the effectiveness of the ETSs whilst limiting negative impacts on international trade.

Economic Instruments for a Low-carbon Future

Economic Instruments for a Low-carbon Future PDF Author: Theodoros Zachariadis
Publisher: Edward Elgar Publishing
ISBN: 1839109912
Category : Law
Languages : en
Pages : 264

Book Description
Critically assessing recent developments in environmental and tax legislation, and in particular low-carbon strategies, this timely book analyses the implementation of market-based instruments for achieving climate stabilisation objectives around the world.

The New Oxford Handbook of Economic Geography

The New Oxford Handbook of Economic Geography PDF Author: Dariusz Wójcik
Publisher: Oxford University Press
ISBN: 0191072168
Category : Business & Economics
Languages : en
Pages : 977

Book Description
The first fifteen years of the 21st century have thrown into sharp relief the challenges of growth, equity, stability, and sustainability facing the world economy. In addition, they have exposed the inadequacies of mainstream economics in providing answers to these challenges. This volume gathers over 50 leading scholars from around the world to offer a forward-looking perspective of economic geography to understanding the various building blocks, relationships, and trajectories in the world economy. The perspective is at the same time grounded in theory and in the experiences of particular places. Reviewing state-of-the-art of economic geography, setting agendas, and with illustrations and empirical evidence from all over the world, the book should be an essential reference for students, researchers, as well as strategists and policy makers. Building on the success of the first edition, this volume offers a radically revised, updated, and broader approach to economic geography. With the backdrop of the global financial crisis, finance is investigated in chapters on financial stability, financial innovation, global financial networks, the global map of savings and investments, and financialization. Environmental challenges are addressed in chapters on resource economies, vulnerability of regions to climate change, carbon markets, and energy transitions. Distribution and consumption feature alongside more established topics on the firm, innovation, and work. The handbook also captures the theoretical and conceptual innovations of the last fifteen years, including evolutionary economic geography and the global production networks approach. Addressing the dangers of inequality, instability, and environmental crisis head-on, the volume concludes with strategies for growth and new ways of envisioning the spatiality of economy for the future.

Carbon Markets Around the Globe

Carbon Markets Around the Globe PDF Author: Rudolph, Sven
Publisher: Edward Elgar Publishing
ISBN: 1839109092
Category : Law
Languages : en
Pages : 272

Book Description
In this timely book, Sven Rudolph and Elena Aydos take an interdisciplinary approach that combines sustainability economics, political economy, and legal concepts to answer two fundamental questions: How can carbon markets be designed to be effective, efficient and just at the same time? And how can the political barriers to sustainable carbon markets be overcome? The authors advance existing theoretical frameworks and examine empirical data from various real-life emissions trading schemes, identifying strategies and policy windows for implementing truly sustainable ETS.

False Alarm

False Alarm PDF Author: Bjorn Lomborg
Publisher: Basic Books
ISBN: 1541647483
Category : Science
Languages : en
Pages : 347

Book Description
An “essential” (Times UK) and “meticulously researched” (Forbes) book by “the skeptical environmentalist” argues that panic over climate change is causing more harm than good Hurricanes batter our coasts. Wildfires rage across the American West. Glaciers collapse in the Artic. Politicians, activists, and the media espouse a common message: climate change is destroying the planet, and we must take drastic action immediately to stop it. Children panic about their future, and adults wonder if it is even ethical to bring new life into the world. Enough, argues bestselling author Bjorn Lomborg. Climate change is real, but it's not the apocalyptic threat that we've been told it is. Projections of Earth's imminent demise are based on bad science and even worse economics. In panic, world leaders have committed to wildly expensive but largely ineffective policies that hamper growth and crowd out more pressing investments in human capital, from immunization to education. False Alarm will convince you that everything you think about climate change is wrong -- and points the way toward making the world a vastly better, if slightly warmer, place for us all.

Brookings Papers on Economic Activity: Spring 2019

Brookings Papers on Economic Activity: Spring 2019 PDF Author: Janice Eberly
Publisher: Brookings Institution Press
ISBN: 0815738161
Category : Business & Economics
Languages : en
Pages : 490

Book Description
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: On Secular Stagnation in the Industrialized World, Lukasz Rachel and Lawrence H. Summers A Forensic Examination of China's National Accounts, Wei Chen, Xilu Chen, Chang-Tai Hsieh, and Zheng Song A Unified Approach to Measuring u*, Richard K. Crump, Stefano Eusepi, Maric Giannoni, and Ays ̧egül S ̧ahin Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why, Christina D. Romer and David H. Romer Okun Revisited: Who Benefits Most from a Strong Economy? Stephanies R. Aaronson, Mary C. Daly, William L. Wascher, and David W. Wilcox On the Economics of a Carbon Tax for the United States, Gilbert E. Metcalf

The Carbon Crunch

The Carbon Crunch PDF Author: Dieter Helm
Publisher: Yale.ORIM
ISBN: 0300217412
Category : Business & Economics
Languages : en
Pages : 296

Book Description
An economist’s take on “why the world’s efforts to curb the carbon dioxide emissions behind global warming have gone so wrong, and how it can do better” (Financial Times). Despite commitments to renewable energy and two decades of international negotiations, global emissions continue to rise. Coal, the most damaging of all fossil fuels, has actually risen from 25% to almost 30% of world energy use. And while European countries congratulate themselves on reducing emissions, they’ve increased their carbon imports from China and other developing nations, who continue to expand their coal use. As standards of living improve in developing countries, coal use can only increase as well—and global temperatures along with it. Written by an Oxford economist who specializes in environmental issues, this book goes beyond pieties and pipe dreams to address the practical realities that are preventing us from making progress on this crucial issue—and what we can do differently before it’s too late. “Should be compulsory reading for the entire political class as well as the bureaucratic elite and the commentariat.”—New Statesman “An optimistically levelheaded book about actually dealing with global warming.”—Kirkus Reviews (starred review) “A powerful and heartfelt plea for hard-nosed realism.”—New Scientist

The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications

The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications PDF Author: Baoping Shang
Publisher: International Monetary Fund
ISBN: 151357339X
Category : Business & Economics
Languages : en
Pages : 32

Book Description
Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.

How to Avoid a Climate Disaster

How to Avoid a Climate Disaster PDF Author: Bill Gates
Publisher: Vintage
ISBN: 0385546149
Category : Science
Languages : en
Pages : 201

Book Description
#1 NEW YORK TIMES BEST SELLER • In this urgent, authoritative book, Bill Gates sets out a wide-ranging, practical—and accessible—plan for how the world can get to zero greenhouse gas emissions in time to avoid a climate catastrophe. Bill Gates has spent a decade investigating the causes and effects of climate change. With the help of experts in the fields of physics, chemistry, biology, engineering, political science, and finance, he has focused on what must be done in order to stop the planet's slide to certain environmental disaster. In this book, he not only explains why we need to work toward net-zero emissions of greenhouse gases, but also details what we need to do to achieve this profoundly important goal. He gives us a clear-eyed description of the challenges we face. Drawing on his understanding of innovation and what it takes to get new ideas into the market, he describes the areas in which technology is already helping to reduce emissions, where and how the current technology can be made to function more effectively, where breakthrough technologies are needed, and who is working on these essential innovations. Finally, he lays out a concrete, practical plan for achieving the goal of zero emissions—suggesting not only policies that governments should adopt, but what we as individuals can do to keep our government, our employers, and ourselves accountable in this crucial enterprise. As Bill Gates makes clear, achieving zero emissions will not be simple or easy to do, but if we follow the plan he sets out here, it is a goal firmly within our reach.