This paper argues that the use of international units in the emissions trading scheme could potentially undermine the price floor. On 8 November 2011, the Australian Senate passed the Clean Energy Future package of 18 bills without amendment. Among other things, these bills introduce carbon pricing arrangements for Australia, starting with a fixed-price regime from...

Australia’s major trading partners have higher direct and indirect carbon pricing in their electricity sectors in order to drive cleaner energy investments. This report considers policies to promote low-carbon electricity generation in six major economies: Australia, China, Japan, South Korea, the UK and the US. These six countries accounted for just under half (46 per...