Introduction

Quiggin, John, Adamson, David and Quiggin, Daniel (2014). Introduction. In John Quiggin, David Adamson and Daniel Quiggin (Ed.), Carbon pricing: early experiences and future prospects (pp. 1-4) Cheltenham, United Kingdom: Edward Elgar Publishing. doi:10.4337/9781782547747.00011


Author Quiggin, John
Adamson, David
Quiggin, Daniel
Title of chapter Introduction
Title of book Carbon pricing: early experiences and future prospects
Place of Publication Cheltenham, United Kingdom
Publisher Edward Elgar Publishing
Publication Year 2014
Sub-type Introduction, foreword, editorial or appendix
DOI 10.4337/9781782547747.00011
Open Access Status
ISBN 9781782547730
9781782547747
Editor John Quiggin
David Adamson
Daniel Quiggin
Start page 1
End page 4
Total pages 4
Total chapters 10
Collection year 2015
Language eng
Abstract/Summary Climate change is arguably the greatest threat to long-term social, environmental and economic growth that the world needs to deal with. However, the complexity and global nature of the problem has proved a substantial obstacle to effective action. The inherent complexity of the problem has been exacerbated by misinformation and rent-seeking. Despite this, economists have reached broad agreement that the appropriate response must be based on the imposition of a price on emissions of carbon dioxide, sufficient to induce substantial reductions in national and global emissions over coming decades. In 2012, Australia introduced a carbon price. The proposal involved the creation of a system of emissions permits, initially issued at a fixed price. After 2015, it is proposed that the permits should be tradable, and that permits purchased from the European Union's Emissions Trading Scheme should be usable in Australia. Although criticism of the carbon price was replete with predictions of economic disaster (the Leader of the Opposition described it as a 'wrecking ball' that would destroy the Australian economy), there was little immediate evidence on the economic impact of the price. Carbon dioxide emissions declined, but, as always, there were a range of factors involved. With the carbon price a reality, it seemed desirable to examine its initial impact. The Risk and Sustainable Management Group (RSMG) therefore organized a two-day workshop to examine a wide range of issues relating to early experience with the carbon price.
Keyword Economics and finance
Environmental economics
Environment
Climate change
Environmental economics
Environmental politics and policy
Valuation
Politics and public policy
Q-Index Code BX
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Book Chapter
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Created: Mon, 14 Jul 2014, 11:34:32 EST by Ms Dulcie Stewart on behalf of School of Economics