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Emissions Mitigation Schemes in Australia—The Past, Present and Future

¹ Finance Discipline Group University of Technology, Sydney, Australia
²

Low Carbon Economy·Volume 04 (2013)·Pages 80–94·Published 27 May 2013·DOI10.4236/lce.2013.42009

Abstract

Australia was one of the first countries in the world to adopt mandatory emissions trading schemes as part of its emissions mitigation program. To date there have been six states and one federal emissions mitigation schemes. Some state schemes operate in conjunction with other states or the federal scheme and some operate independently. This complex set of regulations and requirements for emitters has led to a deficiency in nationwide coverage with no firm target set for Australia. In July 2011 the Federal Labor Government released details of a carbon tax proposal which was passed by the two houses of Parliament by the end of 2011 and was introduced in July 2012. The Government states that an emissions trading scheme will be introduced in 2015 with a possible link to the European Emissions Trading Scheme (EU ETS). This paper provides a critical overview of Australian responses to climate change, with a particular emphasis on the numerous emissions mitigation schemes.

KeywordsClimate Change MitigationEmissions TradingCarbon Tax

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Emissions Mitigation Schemes in Australia—The Past, Present and Future

Abstract

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