Australian climate change policy—where to from here?
Tim NelsonAGL Energy.
The APPEA Journal 55(2) 418-418 https://doi.org/10.1071/AJ14053
Published: 2015
Abstract
In the past decade, Australia’s approach to climate change policy has been erratic. Both major political parties announced support for a domestic emissions trading scheme (ETS) in 2007, but bipartisan agreement evaporated in 2009. An ETS was established in 2011, but was repealed in 2014. The Commonwealth Government has subsequently introduced a Direct Action climate change policy. There is absence of bipartisan agreement about the best long-term policy approach. This extended abstract provides some insights for future Australian climate change policy using the lessons provided from previous policies and international experience. Strategically, Australia would be well placed to consider how best to manage the risks associated with potential substitution of coal and gas in power generation globally, given the strategic importance of these export industries for Australia.
Tim Nelson is the Head of Economics, Policy and Sustainability at AGL Energy. In this role, he is responsible for AGL’s sustainability strategy, greenhouse accounting and reporting, AGL’s energy and greenhouse research, AGL’s corporate citizenship program, Energy for Life and energy and greenhouse policy. Tim is also an adjunct associate professor at Griffith University and has had several papers published in Australian and international peer-reviewed journals. He has presented at conferences in Australia and internationally in Asia and Europe. Tim holds a first class honours degree in economics and is a chartered secretary. |
References
Adams, P., Parmenter, B., and Verikios, G. (2014). An emissions trading scheme for Australia: National and regional impacts. Economic Record 90, 316–44.Australian Bureau of Statistics (ABS), 2014—International Trade in Goods and Services, Australia, Nov 2014. Accessed 12 January 2015. <http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/5368.0Nov%202014?OpenDocument>.
Bureau of Resource and Energy Economics (BREE), 2012a—Energy in Australia 2012. Canberra: BREE Publication.
Bureau of Resource and Energy Economics (BREE), 2012b—Australian Energy Technology Assessment. Canberra: BREE Publication.
European Union (EU), 2014—Climate Action. Accessed 12 January 2015. <http://ec.europa.eu/clima/policies/lowcarbon/ccs/index_en.htm>.
Global CCS Institute, 2014—The Global Status of CCS: 2014. Melbourne: Global CCS Institute Publication.
Intergovernmental Panel on Climate Change (IPCC), 2014—Climate Change 2014 Synthesis Report of the Fifth Assessment: Summary for Policymakers. Switzerland: IPCC Publication.
International Energy Agency (IEA), 2014—IEA World Energy Outlook. Paris: IEA Publication.
Jotzo, F., and Loschel, A. (2014). Emissions trading in China: emerging experiences and International lessons. Energy Policy 75, 3–8.
Mettler-Lafeir, D., and Paul, T. (2014). New EPA carbon rules change outlook for future mix of fuels. The Electricity Journal 27, 17–25.
Nelson, T., Reid, C., and Mcneill, J., 2014—Energy-only markets and renewable energy targets – complementary policy or policy collision? AGL Applied Economic and Policy Research Working Paper, 43.
Nelson, T., Kelley, S., Orton, F., and Simshauser, P. (2010). Delayed carbon policy certainty and electricity prices in Australia. Economic Papers 29, 446–65.
Renewable Energy Policy Network for the 21st Century (REN 21), 2014—Renewables 2014: Global Status Report. Paris: REN21 Publication.
Saddler, H., 2013—Power down: Why is electricity consumption decreasing. Australia Institute Paper, 14.
Simshauser, P., and Ariyaratnam, J. (2014). What is normal profit for power generation? Journal of Financial Economic Policy 6, .