CEDA's continuing mission is to promote intelligent analysis and vigorous debate on our biggest global challenges. The report aims to stimulate a better understanding of climate change issues. In particular, Robert Shapiro's paper examines the two most prominent strategies for reducing greenhouse gases: a carbon tax and cap-and-trade.
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Climate Change: Getting it right
Climate Change: Getting it right
Posted : Monday, November 16, 2009
"Getting it right" when it comes to climate change, which means
finding the balance between minimising climate change damage and
reducing economic activity, requires a risk management
approach.
The recommendations of CEDA's latest research collection, Climate Change - Getting it
right, are that the most important tools for taking
action are markets, carbon pricing, improvements in energy
efficiency and investment in low emission technologies on an
unprecedented scale.
Growth 59:
Climate Change - Getting it right was produced for the
International Counterparts Climate Change Conference hosted by CEDA
in Sydney on 15-16 November 2008.
Robert Shapiro - A
carbon tax: An alternative to carbon trading
Robert Shapiro's paper examines the two most prominent strategies
for reducing greenhouse gases: a global system of national caps on
the emissions and tradable permits, modelled on the Kyoto Protocol,
and global, harmonised, net carbon based taxes. It finds that
cap-and-trade systems can achieve their emissions targets year by
year, but will introduce significant additional volatility in
energy prices.
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