GEOS2121 Chapter Notes - Chapter 10: European Union Emission Trading Scheme, Kyoto Protocol, Stern Review
29 Nov 2018
School
Department
Course
Professor
Document Summary
For proponents of emissions trading in australia, the eu ets served as an important reference point in the domestic debate on climate change. Need for australia to develop its own ets so as to minimise in australia the negative consequences of other etss on local exports and competitiveness. In the pre-election context, one of prime minister howard"s key objectives was to credibly signal his readiness to take action on climate change without alienating major stakeholders. As a result, the shergold report was more concerned with politically reconciling the liberal. Party and major industries with bold climate actions, and issues of policy implementation and design were not a priority. Following his election as prime minister, rudd ratified the kyoto protocol and confirmed the participation of the federal government in the garnaut review. Proposed an auction approach to permit allocation, a staged transition to emissions trading via a fixed carbon price and ambitious emission targets and the establishment of an allocation system.
