Grandfathering and Greenhouse: The Role of Compensation and Adjustment Assistance in the Introduction of a Carbon Emissions Trading Scheme for Australia

Economic Papers

Volumn 28, Issue 2, 2009, Pages 82-92

  Menezes, Flavio ^a   Quiggin, John ^a   Wagner, Liam ^a  

^a UNIVERSITY OF QUEENSLAND   (Australia)

Author keywords

adjustment assistance; compensation; emissions trading; grandfathering; Q52; Q58

Indexed keywords

EID: 77952735893     PISSN: 08120439     EISSN: 17593441     Source Type: Journal    
DOI: 10.1111/j.1759-3441.2009.00024.x     Document Type: Article

References (26)

1. ACIL Tasman (2008), Impacts of the Carbon Pollution Reduction Scheme and RET: Modelling of Impacts on Generator Profitability, December, Report to Department of Climate Change. Available from: http://www.climatechange.gov.au/whitepaper/supporting-documents/index.html
2. ACIL Tasman (2009), Fuel resource, new entry and generation costs in the NEM: Final Report 9. Report prepared by ACIL Tasman for the Interregional Planning Committee (IRPC). [Accessed 23 July 2009.] Available from: http://www.aemo.com.au/planning/419-0035.pdf
3. Arrhenius, S. (1896), ‘On the Influence of Carbonic Acid in the Air upon the Temperature of the Ground’, London, Edinburgh, and Dublin Philosophical Magazine and Journal of Science (fifth series), 41, 237–75.
4. Australian Bureau of Agricultural and Resource Economics (ABARE) (1995), Global Climate Change: Economic Dimensions of a Cooperative International Policy Response beyond 2000. Commonwealth of Australia, Canberra.
5. Australian Bureau of Agricultural and Resource Economics (ABARE) (1997), The Economic Impact of International Climate Change Policy. Commonwealth of Australia, Canberra.
6. Australian Bureau of Agricultural and Resource Economics (ABARE) (1998), ‘Greenhouse Gas Emissions Trading’, ABARE Update, April, 6–9.
7. Bureau of Transport Economics (1998), Trading Greenhouse Emissions: Some Australian Perspectives, Occasional Paper 115, in Dobes, L. (ed.). Bureau of Transport Economics, Canberra.
8. Commonwealth Department of Climate Change (2008), Carbon Pollution Reduction Scheme: Australia’s Low Pollution Future, December. Available from: http://www.climatechange.gov.au/whitepaper/report/index.html
9. Eltham, B. (2008), ‘The Myth of “Carbon Leakage” ’, New Matilda, 3 September 2008. Available from: http://newmatilda.com/2008/09/03/myth-carbon-leakage
10. Espey, J.A. and Espey, M. (2004), ‘Turning on the Lights: A Meta-Analysis of Residential Electricity Demand Elasticities’, Journal of Agricultural and Applied Economics, 36 (1), 65–81.
11. European Commission (2008), ‘Emission Trading Scheme (EU ETS)’. Available from: http://ec.europa.eu/environment/climat/emission/index_en.htm
12. Garnaut, R. (2008), Garnaut Climate Change Review. Cambridge University Press, Melbourne.
13. Gron, A. and Swenson, D.L. (2000), ‘Cost Pass-Through in the US Automobile Market’, Review of Economics and Statistics, 82 (2), 316–24.
14. Hinchy, M., Fisher, B. and Graham, B. (1998), ‘Emissions Trading in Australia: Developing a Framework’, ABARE Research Report 98.1, Canberra.
15. Houghton, J., Jenkins, G. and Ephraums, J. (eds) (1990) Climate Change: The IPCC Scientific Assessment. Cambridge University Press, Cambridge.
16. Industry Commission (1991), Costs and Benefits of Reducing Greenhouse Gas Emissions: Volume 1, Report No. 15. Australian Government Publishing Service, Canberra.
17. Intergovernmental Panel on Climate Change (1995), IPCC Second Assessment Report: Climate Change. IPCC, Geneva.
18. Kim, D. and Cotterill, R.W. (2008), ‘Cost Pass-Through in Differentiated Product Markets: The Case of US Processed Cheese’, Journal of Industrial Economics, 56 (1), 32–48.
19. McKibbin, W. and Wilcoxen, P. (1997), ‘A Better Way to Slow Global Climate Change’, Brookings Policy Brief No. 17, June. The Brookings Institution, Washington DC.
20. McLennan Maganasik Associates (2008), Impacts of the Carbon Pollution Reduction Scheme on Generator Profitability, December, Report to Department of Climate Change. Available from: http://www.climatechange.gov.au/whitepaper/supporting-documents/index.html
21. National Electricity Code Administrator (NECA) (2002), ‘The Performance of the National Electricity Market: Final Report’. NECA, Adelaide.
22. National Electricity Market Management Company Limited (NEMMCO) (2008), An Introduction to Australia’s National Electricity Market. NEMMCO, Melbourne. Available from: http://www.nemmco.com.au/about/000-0283.pdf
23. Productivity Commission (1998), Annual Report 1997–98. Productivity Commission, Melbourne.
24. Quiggin, J. (1996), Great Expectations: Microeconomic Reform and Australia. Allen & Unwin, St. Leonards, NSW.
25. ROAM Consulting (2008), Electricity Market Forecasting: Modelling of Carbon Pricing Scenarios, December, Report to Department of Climate Change. Available from: http://www.climatechange.gov.au/whitepaper/supporting-documents/index.html
26. US Committee for the Global Atmospheric Research Program (1975), Understanding Climatic Change: A Program for Action. National Academy of Sciences, Washington DC.