Chinese President Xi Jinping has made a landmark commitment on climate change, pledging to launch what will become the world's largest and most important emissions trading scheme when it begins in 2017.
From Hawke-Keating to Rudd-Gillard, climate policy has an uncanny ability to cost Australian political leaders their jobs. And it was a key element in the rivalry between Tony Abbott and Malcolm Turnbull.
The term 'carbon tax' is a political poison in Australia, thanks to the previous carbon tax which was actually an emissions trading scheme. Yet ironically, many economists prefer a tax over an ETS anyway.
A year after the demise of the carbon tax, we might expect both coal and greenhouse emissions to have bounced back, at the expense of renewables like hydroelectricity. Sure enough, that's what happened.
Labor says it hasn't yet decided what climate policy to take to the next election, although this week's leak has bolstered the idea that it will involve carbon pricing – a subject with a long and vexed history for the party.
Emissions fell by six times the rate in the five years before the carbon tax than they did under the carbon tax. – Environment minister Greg Hunt, The Guardian, January 17, 2015. Australia’s total greenhouse…
For most of the world’s large economies, the sharp decline in oil and energy prices is great news. Cheaper energy will help boost economic growth and is especially welcome for lower- and middle-income…