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The objectives of this project are to examine the adaptive capacity of existing institutional arrangements in the National Electricity Market to existing and predicted climate change conditions. Specifically the project aims to:
1. identify climate change adaptation issues in the NEM;
This paper considers a new scheme, the Tender-Price Allocation Mechanism, which focuses carbon factor cost expenditure on abatement rather than just revenue transfers.
In Australia and internationally, we have witnessed intense discussions concerning the best policy to reduce greenhouse gas emissions. The two main...