Grandfathering and greenhouse: the role of compensation and adjustment assistance in the introduction of a carbon emissions trading scheme for Australia

Flavio Menezes, John Quiggin and Liam Wagner

No WPC08_4, Climate Change Working Papers from Risk and Sustainable Management Group, University of Queensland

Abstract: The 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.

Keywords: grandfathering; emissions trading; compensation; adjustment assistance (search for similar items in EconPapers)
JEL-codes: Q52 Q58 (search for similar items in EconPapers)
Date: 2008-02, Revised 2008
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http://www.uq.edu.au/rsmg/WP/WPC08_4.pdf (application/pdf)

Related works:
Journal Article: Grandfathering and Greenhouse: The Role of Compensation and Adjustment Assistance in the Introduction of a Carbon Emissions Trading Scheme for Australia (2009)
Working Paper: Grandfathering and greenhouse: the role of compensation and adjustment assistance in the introduction of a carbon emissions trading scheme for Australia (2009)
Working Paper: Grandfathering and Greenhouse: The Role of Compensation and Adjustment Assistance in the Introduction of a Carbon Emissions Trading Scheme for Australia (2009)
Working Paper: Grandfathering and greenhouse: the role of compensation and adjustment assistance in the introduction of a carbon emissions trading scheme for Australia (2008)
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