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dc.contributor.authorNelson, Tim
dc.contributor.authorNolan, Tahlia
dc.contributor.authorGilmore, Joel
dc.date.accessioned2021-11-22T04:29:58Z
dc.date.available2021-11-22T04:29:58Z
dc.date.issued2021
dc.identifier.issn1364-985X
dc.identifier.doi10.1111/1467-8489.12457
dc.identifier.urihttp://hdl.handle.net/10072/410194
dc.description.abstractAustralian climate change policy and its integration with Australia’s electricity markets have been fraught for at least two decades. The only enduring policy has been the Commonwealth Renewable Energy Target (RET). Despite the relative success of the RET in driving investment and reducing emissions, state governments have now pivoted towards contracts-for-difference (Cfds). In this article, we outline the issues associated with policy discontinuity and the large-scale RET and review its effectiveness as an emissions reduction tool and driver of electricity sector abatement. We find that the RET has been relatively successful across the key criteria of cost and emissions reductions and is a better policy instrument than contracts-for-difference, which are increasingly being adopted by state governments. Building on the work of Nelson et al. (2020), we propose a new approach, which would allow for continued use of Cfds but utilising the RET’s policy architecture.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherWiley
dc.relation.ispartofjournalAustralian Journal of Agricultural and Resource Economics
dc.subject.fieldofresearchPolicy and administration
dc.subject.fieldofresearchEnvironmental politics
dc.subject.fieldofresearchEnvironment and resource economics
dc.subject.fieldofresearchcode4407
dc.subject.fieldofresearchcode440805
dc.subject.fieldofresearchcode380105
dc.subject.keywordsScience & Technology
dc.subject.keywordsSocial Sciences
dc.subject.keywordsLife Sciences & Biomedicine
dc.subject.keywordsAgricultural Economics & Policy
dc.subject.keywordsEconomics
dc.titleWhat's next for the Renewable Energy Target - resolving Australia's integration of energy and climate change policy?
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationNelson, T; Nolan, T; Gilmore, J, What's next for the Renewable Energy Target - resolving Australia's integration of energy and climate change policy?, Australian Journal of Agricultural and Resource Economics, 2021
dc.date.updated2021-11-17T04:47:53Z
dc.description.versionAccepted Manuscript (AM)
gro.description.notepublicThis publication has been entered as an advanced online version in Griffith Research Online.
gro.rights.copyright© 2021 Australian Agricultural and Resource Economics Society Inc.. This is the peer reviewed version of the following article: What’s next for the Renewable Energy Target – resolving Australia’s integration of energy and climate change policy?, Australian Journal of Agricultural and Resource Economics, 2021, which has been published in final form at https://doi.org/10.1111/1467-8489.12457. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving (http://olabout.wiley.com/WileyCDA/Section/id-828039.html)
gro.hasfulltextFull Text
gro.griffith.authorGilmore, Joel B.
gro.griffith.authorNelson, Tim A.


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