Report

Why an emissions trading scheme will not be effective in reducing future carbon emissions

Publisher
Environment Australia Europe Great Britain
Resources
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apo-nid23252.pdf 132.77 KB
Description

This paper argues that an emissions trading scheme has many drawbacks and needs to be carefully designed to meet its goals.

Economists and energy experts agree that a “price on carbon” is the most effective way to remove excessive fossil carbon from our energy system. But we need to ensure that the move towards a low carbon economy is done in a way that minimises damages to the economy and financial hardship for individuals. This paper does not advocate a particular mechanism for setting a price on carbon. But it does point out some important considerations that need to be addressed in the design of a suitable scheme and explains why an emissions trading scheme has many shortcomings.

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