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dc.contributor.authorNelson, T
dc.contributor.authorPascoe, O
dc.contributor.authorCalais, P
dc.contributor.authorMitchell, L
dc.contributor.authorMcNeill, J
dc.date.accessioned2019-12-18T00:07:11Z
dc.date.available2019-12-18T00:07:11Z
dc.date.issued2019
dc.identifier.issn0313-5926
dc.identifier.doi10.1016/j.eap.2019.08.001
dc.identifier.urihttp://hdl.handle.net/10072/389831
dc.description.abstractAustralian climate change policy has been applied haphazardly to Australia's electricity markets for almost two decades. Federal and state level emissions trading frameworks have been introduced and subsequently repealed. Several studies have pointed to the significant costs imposed by such policy discontinuity. This article demonstrates that the use of production subsidies has also resulted in a ‘disorderly’ transition and has broken the link between the financial incentives for decarbonisation activities and the physical needs of the electricity system. We evaluate the various options for correcting this by introducing a stable, long-term climate change policy that integrates efficiently with electricity policy objectives. By applying a broad assessment framework, we are able to establish that a market mechanism aimed at pricing the externality implied by an independently set carbon budget is the most efficient policy response.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.relation.ispartofpagefrom178
dc.relation.ispartofpageto193
dc.relation.ispartofjournalEconomic Analysis and Policy
dc.relation.ispartofvolume64
dc.subject.fieldofresearchEnvironment and Resource Economics
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchcode140205
dc.subject.fieldofresearchcode14
dc.titleEfficient integration of climate and energy policy in Australia's National Electricity Market
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationNelson, T; Pascoe, O; Calais, P; Mitchell, L; McNeill, J, Efficient integration of climate and energy policy in Australia's National Electricity Market, Economic Analysis and Policy, 2019, 64, pp. 178-193
dcterms.licensehttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.date.updated2019-12-17T23:57:12Z
dc.description.versionAccepted Manuscript (AM)
gro.rights.copyright© 2019 Economic Society of Australia, Queensland. Published by Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licence (http://creativecommons.org/licenses/by-nc-nd/4.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, providing that the work is properly cited.
gro.hasfulltextFull Text
gro.griffith.authorNelson, Tim A.


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