emissions trading

Emissions Trading via Direct Action in Australia

March 4, 2014 by David Hone

Emissions Trading in Australia

The Australian Government has recently released a Green Paper which describes in much more fine detail its proposal for an Emission Reduction Fund (ERF), which is considered the principle component of its Direct Action climate policy.[read more]

The Cautionary Tale of an Unregulated Emissions Market

August 19, 2011 by Sabina Manea

Emissions trading sceptics will feel that they have been proven right in the wake of the latest news on the emissions market; the UK Financial Services Authority (FSA) has recently issued an official warning on carbon scams. The warning follows an increasing number of complaints from people who have been approached with potentially fraudulent emissions trading schemes.[read more]

Australian Power Prices To Triple by 2020

April 14, 2010 by Big Gav

The SMH has an article on comments by Origin Energy CEO Grant King predicting power prices in eastern Australia will triple over the next 10 years if climate policy remains deadlocked - Power price surge fuelled by stalemate over policy. The chief executive of Origin Energy, Grant King, says uncertainty about energy policy is driving up...[read more]

The Recession Bites Back: Devastating Impacts on Low Carbon Technologies in the UK

October 12, 2009 by Climatico Analysis

The Committee on Climate Change released its latest report today highlighting the devastating impact the economic recession has had on carbon trading schemes and investment for low carbon technologies. The report emphasises the vast investment needed in efficiency through green housing, power and transport in Britain, to service the goal...[read more]

Is Australia flying blind on emissions legislation?

October 8, 2009 by Climatico Analysis

The Australian domestic climate surrounding the emission trading scheme issue contrasts with the confidence and dynamism demonstrated by Labour Prime minister Kevin Rudd in multilateral talks. Mr Rudd was in New York late September to advance international negotiations on strategies to cut greenhouse gas emissions ahead of the December...[read more]

Emissions trading: Auctioning permits vs giving them away

October 6, 2009 by DavidJeffrey

As I've talked about before (The great permit give-away), one of the big debates in emissions trading is whether to auction most of the permits or give them away free to industry. Under the Australian CPRS it looks like more and more will be given away, to industries that are particularly affected and/or have to compete with overseas...[read more]

It's the ecosystem, stupid

September 23, 2009 by Big Gav

Ross Gittens has an article in the Age on the relationship between the economy and the environment (taking a few swipes at PM Rudd's pretend climate policy along the way), and noting glumly recent reports on our large projected population increase - It's the ecosystem, stupid.Everyone (rightly) condemns economists for their failure to...[read more]

What price carbon emissions?

September 4, 2009 by Tom Raftery

Photo credit Pinot & Dita One of the reasons we are facing a climate crisis is because people have not been paying the full economic price for their carbon consumption. Had they been, we’d be living in a very different world today. A quick comparison of average car fuel efficiency in the US versus the EU (where fuel has typically...[read more]

The great give-away: Allocating permits under an emissions trading scheme

September 2, 2009 by DavidJeffrey

One of the bigger areas of debate in emissions trading is how to allocate permits. The purists (eg, Garnaut) suggest they should all be auctioned while political realities suggest a large chunk will be given away to compensate the industries that will suffer most under the scheme (Garnaut suggested that you should give cash compensation...[read more]

The oppostion's rival carbon plan: greener, cheaper, smarter?

August 11, 2009 by DavidJeffrey

Malcolm Turnbull yesterday released an alternative carbon plan: "greener, cheaper, smarter". Sounds great. And finally some opposition policy on climate change. Well, not quite. The plan is a report by economic consultants 'Frontier Economics' commissioned by the opposition and independent Senator Nic Xenophon. And it seems that it's...[read more]

The European Parliament – not just a rubber stamp

June 4, 2009 by Climatico Analysis

European Parliament building in Strasbourg, France (Image: Andreas Tille - http://commons.wikimedia.org/wiki/User:Tillea) Today sees the start of voting in the election of the European Parliament for the next five years. The Parliament is sometimes described as institutionally weak – a passive, reactive body unable to form legislative...[read more]

Going once, going twice . . . .

May 24, 2009 by David Hone

As the American Clean Energy & Security Act (ACES) 2009 (i.e. Waxman-Markey) shows itself, it reveals some different thinking on emissions trading to that in Europe, notably in the area of allowance distribution. An emissions trading system is designed to establish an alternative fiscal flow through the economy, favouring...[read more]

Virtually in New Zealand

April 30, 2009 by David Hone

Late last night by video conference from the basement of Shell Centre in London, with colleagues in New Zealand on hand locally, I spoke before the Parliamentary Select Committee that is currently reviewing the New Zealand Emissions Trading System.  This review comes following the passage of the legislation, but with a new...[read more]

Thoughts on the green paper - Part 1: petrol

July 17, 2008 by DavidJeffrey

The government’s green paper on emissions trading is now available. The government’s new phrase for its emissions trading scheme is “carbon pollution reduction scheme”.The first thing that’s captured everyone’s attention – not surprisingly – is petrol. With all the hoo-ha about petrol prices recently, the government’s proposal is to...[read more]

Responses to higher fuel prices

June 18, 2008 by DavidJeffrey

Observing how people are responding now to higher fuel prices gives us some idea about how people will respond to a price on carbon under an emissions trading scheme.In the short term, we can expect pain on households and businesses as their usual ways of doing things become more expensive. In the slightly longer term, people adjust by...[read more]