Emissions Mitigation Schemes in Australia—The Past, Present and Future

Deborah Cotton () and Stefan Trück
Authors registered in the RePEc Author Service: Stefan Trueck ()

Published Paper Series from Finance Discipline Group, UTS Business School, University of Technology, Sydney

Abstract: Australia was one of the first countries in the world to adopt mandatory emissions trading schemes as part of its emissions mitigation program. To date there have been six states and one federal emissions mitigation schemes. Some state schemes operate in conjunction with other states or the federal scheme and some operate independently. This complex set of regulations and requirements for emitters has led to a deficiency in nationwide coverage with no firm target set for Australia. In July 2011 the Federal Labor Government released details of a carbon tax proposal which was passed by the two houses of Parliament by the end of 2011 and was introduced in July 2012. The Government states that an emissions trading scheme will be introduced in 2015 with a possible link to the European Emissions Trading Scheme (EU ETS). This paper provides a critical overview of Australian responses to climate change, with a particular emphasis on the numerous emissions mitigation schemes.

Keywords: Climate Change Mitigation; Emissions Trading; Carbon Tax (search for similar items in EconPapers)
Pages: 15 pages
Date: 2013-01-01
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Published in: Cotton, D. J. and Trueck, S., 2013, "Emissions mitigation schemes in Australia - The past, present and future", Low Carbon Economy, 4(2), 80-94.

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Persistent link: https://EconPapers.repec.org/RePEc:uts:ppaper:2013-8

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