Quotation Spash, Clive L., Lo, Yu Hong. 2012. Australia's Carbon Tax: A Sheep in Wolf's Clothing? Economic and Labour Relations Review 23 (1), 67-86.


RIS


BibTeX

Abstract

The Australian Government has produced a CO2-equivalent tax proposal with a difference: it is a short prelude to an emission trading scheme that will allow the increasing rate of emissions to continue, while being a net cost to the Treasury. That cost extends to allowing major emitters to make guaranteed windfall profits from pollution permits. The emission trading scheme suffers numerous problems, but the issues raised in this article show that taxes can also be watered down and made ineffectual through concessions. Taxpayers will get no assets from the billions of dollars to be spent buying-off the coal generators or other polluters. The scheme seeks to stimulate private investors to create an additional 12 per cent in renewable electricity generation by 2020. A really serious emissions reducing alternative would need to create a nationalised electricity sector with 100 per cent renewable energy within a decade. We explore the limitations of Australia's carbon tax plan which has now passed into law.

Tags

Press 'enter' for creating the tag

Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Economic and Labour Relations Review
Citation Index SSCI
Language English
Title Australia's Carbon Tax: A Sheep in Wolf's Clothing?
Volume 23
Number 1
Year 2012
Page from 67
Page to 86
Reviewed? Y
URL http://journals.sagepub.com/doi/10.1177/103530461202300105
DOI http://dx.doi.org/10.1177/103530461202300105

Associations

People
Spash, Clive L. (Details)
Lo, Yu Hong (Former researcher)
Organization
Institute for Multi-Level Governance and Development IN (Details)
Google Scholar: Search