The legal framework for Australia’s carbon pricing mechanism : a critique

Swayne, Nicola (2011) The legal framework for Australia’s carbon pricing mechanism : a critique. Environmental Liability, 9 5: 156-168.

Author Swayne, Nicola
Title The legal framework for Australia’s carbon pricing mechanism : a critique
Journal name Environmental Liability   Check publisher's open access policy
ISSN 0966-2030
Publication date 2011-01-01
Sub-type Article (original research)
Open Access Status Not yet assessed
Volume 9
Issue 5
Start page 156
End page 168
Total pages 13
Place of publication Witney, Oxon, United Kingdom
Publisher Lawtext Publishing
Language eng
Formatted abstract
As part of the Australian Government’s Clean Energy Plan, the Government has attempted to harness the legal innovation of the tradeable emissions unit, within a capped carbon trading system, to reduce greenhouse gas emissions. Such an approach promises to send a price signal to the market which will influence emitting behaviours and reduce our emissions in a cost-effective manner. However, if the carbon trading scheme is to successfully achieve cost-effective emissions reductions then the carbon market must be supported by an appropriate legal framework. This paper will consider the key features of the Australian Carbon Pricing Mechanism, including the Carbon Farming Initiative, and critique whether it has all the hallmarks of an effective legal framework to reduce Australia’s net greenhouse gas emissions. The likely future of the trading scheme, following the 2013 elections, will also be addressed.
Keyword Carbon pricing
Carbon farming
Legal Framework
Carbon trading
Climate change law
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collection: School of Earth and Environmental Sciences
 
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Created: Thu, 30 Mar 2017, 13:11:02 EST by Yukie Tamura on behalf of School of Earth and Environmental Sciences