Policy options when giving negative externalities market value: Clean energy policymaking and restructuring the Western Australian energy sector

Energy Policy

Volumn 37, Issue 4, 2009, Pages 1423-1431

  McHenry, Mark ^a  

^a MURDOCH UNIVERSITY   (Australia)

Author keywords

Australia; Externalities; Policy

Indexed keywords

ECONOMICS; ENERGY POLICY; MARKETING;

AUSTRALIA; CHOICE OF INSTRUMENTS; CLEAN ENERGIES; CLIMATE POLICIES; COMMUNITY IS; COMPETITIVE MARKETS; ECONOMIC ADVANTAGES; ECONOMIC REFORMS; ENERGY MARKETS; ENERGY REFORMS; ENERGY SECTORS; ENERGY UTILITIES; ESSENTIAL ELEMENTS; EXTERNALITIES; GLOBAL LEVELS; MARKET FAILURES; MARKET REFORMS; MARKET VALUES; POLICY; POLICY OPTIONS; POLICY-MAKERS; POTENTIAL HAZARDS; PRIVATE INVESTMENTS;

INVESTMENTS;

COMPETITIVENESS; ECONOMIC REFORM; ENERGY MARKET; ENERGY POLICY; ENVIRONMENTAL POLICY; FOSSIL FUEL; INDUSTRIAL RESTRUCTURING; POLICY MAKING; UNCERTAINTY ANALYSIS;

AUSTRALASIA; AUSTRALIA; WESTERN AUSTRALIA;

EID: 63149195983     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2008.12.009     Document Type: Article

References (47)

1. Antheaume N. Valuing external costs-from theory to practice: implications for full cost environmental accounting. European Accounting Review 13 (2004) 443-464
2. Australian Bureau of Statistics, 2007. Western Australian Statistical Indicators-March Quarter 2007. Western Australian Statistical Indicators. Tindall, M. Canberra. 〈http://www.abs.gov.au/AUSSTATS/abs@.nsf/featurearticlesbyCatalogue/ADAF1A0766BFDE05CA25730D0018BAFF?OpenDocument〉. Accessed August 19, 2008.
3. Australian Greenhouse Office, 2003. Renewable opportunities. A review of the Renewable Energy (Electricity) Act 2000, Commonwealth of Australia. 〈http://www.mretreview.gov.au/report/pubs/mret-review.pdf〉. Accessed August 19, 2008.
4. Beresford Q. Government, Markets, and Globalisation-Australian Public Policy in Context (2000), Allen & Unwin, St. Leonards
5. Commonwealth Government of Australia, 2008. Carbon Pollution Reduction Scheme-Green Paper. 〈http://www.climatechange.gov.au〉. Accessed August 19, 2008.
6. Diesendorf M. Greenhouse Solutions with Sustainable Energy (2007), University of New South Wales Press, Sydney
7. Eyre N. External costs-What do they mean for energy policy?. Energy Policy 25 (1997) 85-95
8. Fairfield, T., 2006. Examine the economic implications for the renewable energy industry due to the changes to the Western Australian electricity market that have been undertaken or are currently being undertaken, since the 19990's. Energy Studies. Perth, Murdoch.
9. Foxon T.J., Gross R., Chase A., Howes J., Arnall A., and Anderson D. UK innovation systems for new and renewable energy technologies: drivers, barriers and system failures. Energy Policy 33 (2005) 2123-2137
10. Garnaut, R., 2008. Garnaut climate change reportdraft review. 〈http://www.garnautreview.org.au/CA25734E0016A131/WebObj/GarnautClimateChangeReview-FULLDraftReport,4July2008/$File/Garnaut%20Climate%20Change%20Review%20-%20FULL%20Draft%20Report,%204%20July%202008.pdf〉. Accessed August 19, 2008.
11. Government of South Australia, 2008. Feed-In scheme for small-scale solar photovoltaic installations 〈http://www.climatechange.sa.gov.au/news/news_5.htm〉. Accessed August 19, 2008.
12. Government of Victoria, 2008. Victorian feed-in tariffs. 〈http://www.dpi.vic.gov.au/dpi/dpinenergy.nsf/LinkView/47D19C1C08345367CA25736A001FCDF7866B51F390263BA1CA2572B2001634F9〉. Accessed August 14, 2008.
13. Gregory Mankiw N., Gans J., King S., and Stonecash R. Principals of Economics (2000), Harcourt Australia, Sydney
14. Independent Market Operator, Western Australia, 2006. The South West Interconnected System Wholesale Electricity Market: an overview. 〈http://www.imowa.com.au/Attachments/Annual%20Report%202005-06.pdf〉. Accessed August 19, 2008.
15. Independent Market Operator, Western Australia, 2007. Wholesale Electricity Market-six months of electricity trading. 〈http://www.imowa.com.au/Attachments/SixMonthlyReport03Final.pdf〉. Accessed August 19, 2008.
16. Independent Market Operator, Western Australia, 2008a. 2008 Statement of Opportunities Report. 〈http://www.imowa.com.au/Attachments/RC_Attachments/2008_SOO_Final_v0.1.pdf〉. Accessed August 19, 2008.
17. Independent Market Operator, Western Australia, 2008b. WEMS status report-Varanus Island gas issue. 〈http://www.imowa.com.au/Attachments/VaranusIslandGasReport_20080718II.pdf〉. Accessed August 19, 2008.
18. International Energy Agency, 2001. Energy Policies of IEA Countries-Australia 2001 Review. 〈http://www.iea.org/textbase/nppdf/free/2000/australia2001.pdf〉. Accessed April 30, 2008.
19. International Energy Agency, 2008. National survey report on PV power applications 2007. Co-operative programme on photovoltaic power systems. Task 1-Exchange and dissemination of information on PV power systems 〈http://www.apva.org.au/drupal-6.2/sites/default/files2/Documents/PVinAustralia2007.pdf〉. Accessed August 19, 2008.
20. Jacobsson, S., Bergek, A., 2003. Transforming the energy sector: the evolution of technological systems in renewable energy. Human Dimensions of Global Environmental Change Conference. Environmental Policy Research Centre, Berlin.
21. Jaffe A.B., Newell R.G., and Stavins R.N. A tale of two market failures: technology and environmental policy. Ecological Economics 54 (2005) 164-174
22. Kane S., and Shogren J.F. Linking adaptation and mitigation in climate change policy. Climatic Change 45 (2000) 75-102
23. Kent A., and Mercer D. Australia's mandatory renewable energy target (MRET): an assessment. Energy Policy 34 (2006) 1046-1062
24. Kjellstrom T.E., Neller A., and Simpson R.W. Air pollution and its health impacts: the changing panorama. MJA 177 (2002) 604-608
25. Krewitt W. External costs of energy-do the answers match the questions? Looking back at 10 years of ExternE. Energy Policy 30 (2002) 839-848
26. Künzli N., Kaiser R., Medina S., Studnicka M., Chanel O., Filliger P., Herry M., Horak F., Puybonnieux-Texier V., Quénel P., Schneider J., Seethaler R., Vergnaud J.C., and Sommer H. Public-health impact of outdoor and traffic-related air pollution: a European assessment. The Lancet 356 (2000) 795-801
27. Longo, A., Markandya, A., 2005. Identification of Options and Policy Instruments for the Internalisation of External Costs of Electricity Generation. Dissemination of External Costs of Electricity Supply Making Electricity External Costs Known to Policy-Makers FEEM Working Paper no. 74.05. 〈http://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID729704_code254274.pdf?abstractid=729704&mirid=4〉. Accessed August 20, 2008.
28. Lovelle, T., 2008. Gas matchmaking service a step in the right direction 〈http://www.cciwa.com/content/Gas_matchmaking_service_a_step_in_the_right_direction.aspx〉. Accessed June 30, 2008.
29. MacGill A., Outhred H., and Nolles K. Some design lessons from market-based greenhouse gas regulation in the restructured Australian electricity sector. Energy Policy 34 (2006) 11-25
30. Nenkova, P., 2005. Possible applications of measures against the negative externalities on a global scale and the Kyoto Protocol. Economics and Organisation. Vol. 2(3). University of National and World Economy & the Bulgarian Department of Finance. 〈http://facta.junis.ni.ac.yu/eao/eao2005/eao2005-07.pdf〉. Accessed August 20, 2008.
31. Office of the Renewable Energy Regulator, 2006. Mandatory Renewable Energy Target Overview. 〈http://www.orer.gov.au/publications/pubs/mret-overview0306.pdf〉. Accessed August 20, 2008.
32. Outhred, H., 2007. Electricity industry restructuring in Australia: underlying principals and experience to date. The 40th Hawaii International Conference on System Sciences, Conference. University of New South Wales, Hawaii.
33. Outhred, H., Watt, M., MacGill, I., Nolles, K., Mallon, K., 2002. Submission to the COAG Energy Market Review, The Australian CRC for Renewable Energy and the University of New South Wales. 〈http://www.ceem.unsw.edu.au/content/userDocs/COAG_EgyMktRev_ACRE-UNSW.pdf〉. Accessed August 20, 2008.
34. Owen A.D. Environmental externalities, market distortions and the economics of renewable energy technologies. The Energy Journal 25 (2004) 127-156
35. Parliament of Australia: Senate, 2000. The Heat is On: Australia's Greenhouse Future. 〈http://www.aph.gov.au/SENATE/committee/ecita_ctte/completed_inquiries/1999-02/gobalwarm/report/contents.htm〉. Accessed August 20, 2008.
36. Parliament of Western Australia, 2007. Question on notice no. 2483 asked in the Legislative Assembly, Parliament of Western Australia.
37. Pearson, J., 2008a. Gas crisis update for members. 〈http://www.cciwa.com/content/Gas_crisis_update_for_members.aspx〉. Accessed June 30, 2008.
38. Pearson, J., 2008b. Gas outage hitting businesses hard: CCI survey. 〈http://www.cciwa.com/10_June_2008.aspx〉. Accessed June 30, 2008.
39. Peterson T.D., and Rose A.Z. Reducing conflicts between climate policy and energy policy in the US: the important role of the states. Energy Policy 34 (2006) 619-631
40. Queensland Department of Mines and Energy, 2008. Solar Bonus Scheme. 〈http://www.dme.qld.gov.au/Energy/solar_feed_in_tariff.cfm〉. Accessed August 15, 2008.
41. Rodgers, E., 2008. Gas crisis serious for all Australians: PM. 〈http://www.abc.net.au/news/stories/2008/06/18/2278720.htm〉. Accessed June 30, 2008.
42. Stewart, J.R., 2004. Electricity industry reform in Western Australia. 2004 IEEE International Conference on Electric Utility Deregulation, Restructuring and Power Technologies, Conference. Hong Kong.
43. Sundqvist T. What causes the disparity of electricity externality estimates?. Energy Policy 32 (2004) 1753-1766
44. The Government of Western Australia, 2007. 2007-2008 Budget. Treasury and Finance, John A. Strijk. 〈http://www.dtf.wa.gov.au/cms/tre_content.asp?id=2027〉. Accessed June 30, 2008.
45. The Legislative Assembly for the Australian Capital Territory, 2008. Electricity Feed-in (Renewable Energy Premium) Bill 2008. 〈http://www.legislation.act.gov.au/b/db_32174/20080409-36300/pdf/db_32174.pdf〉. Accessed August 14, 2008.
46. Western Australian Government Gazette, 2004. Electricity Industry (Wholesale Electricity Market) Regulations 2004-Wholesale Electricity Market Rules, J.A. Strijk. 〈http://www.austlii.edu.au/au/legis/wa/consol_reg/eiemr2004641/〉. Accessed August 19, 2008.
47. Western Australian Office of Energy, 2006. Wholesale Electricity Market. 〈www.energy.wa.gov.au/2/3190/64/wholesale_elect.pm〉. Accessed August 19, 2008.