SOAS University of London

The Australian Emissions Trading Scheme: An Implementation Story

Dr Gary Cox

Date: 25 October 2012Time: 7:00 PM

Finishes: 25 October 2012Time: 8:30 PM

Venue: 21/22 Russell Square Room: T102

Type of Event: Seminar

Note: Internal event not open to external attendees.

On 1 July 2012, Australia became the next country to embark on an emissions trading scheme as a response to climate change. The political journey is a fraught tale of policy twists and turns – arguably costing Prime Minister Kevin Rudd his leadership and being the most challenging issue in current Prime Minister Julia Gillard’s two years in office. This lecture will provide some insights into the implementation story of Australia’s ETS as well as outlining the legal basis of the scheme. The Clean Energy Act 2011 establishes the framework for the carbon pricing mechanism which commences as a fixed price mechanism for the first three years of operation and then moves to a fully flexible pricing system with a ‘pollution cap’. New regulatory institutions have been established as well as a household compensation scheme. The final twist to the tale is the linking of the Australian ETS with the European Union’s Emissions Trading Scheme, which was announced in August 2012.

Dr Gary Cox, a SOAS alumni, is a public sector expert with wide experience in the UK and Australia. He is an economist, policy analyst as well as a chartered urban and regional planner. He is a creative thinker and excels at managing complex policy negotiations with multiple government and non-government stakeholders.
Dr Cox has a broad academic background encompassing environmental policy, economics, international development, urban regional planning and international environmental law. He brings a rigorous approach to policy analysis and research that complements his fresh and original thinking.

Organiser: Philippe Cullet

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