Articles on Emissions trading scheme

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Forestry is credited under New Zealand’s emissions trading scheme. World Resources Institute/Flickr

Carbon pricing is still the best way to cut emissions, if we get it right

The Coalition government has recently axed Australia’s carbon “tax”, leaving us with no carbon price. Alternatives include the government’s “Direct Action” plan, or Clive Palmer’s proposed emissions trading…
Even before it was born, the carbon price had plenty of friends – and lots of enemies. Shutterstock

Obituary: Australia’s carbon price

The Carbon Pricing Mechanism, known to its friends as the carbon price and its critics as the carbon tax, passed away today in Canberra, aged two, after a long battle with slogans. While it won praise…
After more than a week of delays, the Senate has scrapped the carbon tax. AAP Image/Lukas Coch

Carbon tax repealed: experts respond

The government has succeeded in getting legislation passed to repeal the carbon tax, despite some last-minute doubts cast…
Emissions from Australia’s power network fell sharply as a result of the carbon price. Peripitus/Wikimedia Commons

Despite its imminent demise, the carbon price has cut emissions

Carbon emissions in Australia’s national electricity market would have been 11 to 17 million tonnes higher if Australia had not introduced a carbon price. New research using the latest data indicates that…
Leader of the House Christopher Pyne and Environment Minister Greg Hunt when the carbon tax repeal passed through the lower house on Monday. AAP Image/Alan Porritt

Carbon tax repeal raises long-term risks for Australian business

The bill to repeal Australia’s “carbon tax” is poised to pass the Senate, potentially leaving Australia without a working price on carbon. In the short term, the repeal may provide some relief for businesses…
Clive Palmer announced his climate policy at a press conference with former US vice president Al Gore last night. AAPImage/Alan Porritt

AUDIO Q&A: What’s in and out of Palmer’s climate strategy

In a surprising announcement last night Clive Palmer promised to abolish Australia’s current carbon price, and block the coalition’s Direct Action policy. But Palmer has said he will vote to retain the…
A new benchmark to measure the economic response to climate change. Mario Sánchez Prada

Bringing the long game into climate change economics

The UK government’s senior adviser on science has made an entirely sensible call for researchers and policy makers to move the climate change debate towards workable strategies and solutions. The trouble…
A reform silver lining lurking behind the clouds? Arnold Paul

Without transparency, Europe’s carbon market reform will fail

In 2008, the European carbon market crashed. Carbon emission allowances in the EU Emissions Trading System (ETS) plunged from €30 per tonne of C02 in June 2008 to €7 at the beginning of 2009. Prices have…
Politically, the carbon tax issue has been great for Tony Abbott, allowing him to position himself as a friend to business. AAP Image/Lukas Coch

Climate policy: could it be the boxing Prime Minister’s glass jaw?

Nine years ago, I spent long days inside Downing Street working with the then British Prime Minister Tony Blair on how to position his government on the global climate problem. Blair was keen to work out…
It’s about climate change, but it’s not ALL about climate change. John Giles/PA

Scrapping EU renewable targets after 2020 makes no sense

The European Commission has presented a new climate and energy policy framework for 2030 that focuses heavily on emissions reductions. Currently the EU implements “20-20-20” targets, which require a 20…
Making too much money can be the undoing of an emissions reduction scheme. Images_of_Money/Flickr

To cut more emissions, a carbon tax needs to raise less revenue

Carbon (emissions) taxes have proved unpalatable world-wide, compared to (carbon) emissions trading schemes. But taxes give stable carbon prices while prices in emissions trading schemes yo-yo, plunge…
Making an emissions market work in China will be entirely different to making one work in the west. Dai Luo

How will China’s carbon markets work in a non-market economy?

This week, China will launch the pilots of its Beijing and Shanghai emmissions trading schemes. But the operating environment for these schemes will be vastly different to that in Australia or the European…
Tony Abbott can have an emissions trading scheme and be a good conservative politician. Dean Lewins/AAP

How the Coalition can keep a carbon price and its election promises

Perhaps the Abbott government can solve its climate change problem by revisiting an old Coalition policy. Before the 2013 election the Coalition promised to cut the “carbon tax”, introduce direct action…
China’s industrialisation has followed the same path, but the rules of the game have changed. Jonathan Kos-Read

China’s industrial revolution is happening on a new planet

What can two periods of industrialisation nearly two centuries apart tell us about how economies change and the demands their change place on the planet? Today, China leads the wave of emerging economies…
California isn’t just controlling its own emissions, but the emissions it benefits from. Kenneth Lu

California calling: Australia isn’t alone on carbon action

Australia will not be linking its emissions trading scheme to California any time soon. But Australia will have to increase its emissions reduction targets to between 15-25% below 2000 levels by 2020…
Cheap emissions permits means industry hasn’t traded in its polluting ways. David Davies/PA

Permits to pollute can be bought too cheaply

When the carbon price collapsed to below €3 in April this year, EU policymakers sought to prop up carbon prices by a deal that would delay the release of carbon allowances (known as “backloading”). This…
Australia used to care about conservation but do cuts to the Biodiversity Fund show we’ve turned our back on nature? Peter9914/Flickr

Why has nature become a niche issue?

It will be no surprise that a recent analysis of biodiversity funding round the world found that Australia was among the 40 countries spending least in comparison to our global legacy of species. Now…
The reasons for compensating emissions-intensive trade-exposed industries have vanished; so should the compensation. Dave Clarke

Labor keeps ETS compensation for big power users - why?

With the Rudd government announcing a faster conversion to a market-driven carbon price, it should be time to review the assistance provided to emissions-intensive, trade-exposed industries such as raw…

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