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Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
Carbon Pollution Australia
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Carbon Pollution Australia

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  • 1. Carbon Pollution Reduction Scheme (Australia) Lily Mu & Christina Wu Econ HL
  • 2. Background Info
    • Australia  hottest and driest continents on earth
    • Climate Change
      • Food production
      • Water supplies
      • Great Barrier Reef
      • Tourism Industry and environmental challenges facing Australia and the rest of the world.
  • 3. Science Behind Carbon Pollution
    • Carbon pollution  climate change
      • Higher temp, droughts, extreme weathe r
      • Human activity  greenhouse gas increase  rise in global mean temperature
  • 4.  
  • 5. Green Paper
  • 6. White Paper
  • 7. Strategy and Aims
    • Mitigation
      • Reduce Australia’s greenhouse gas emissions
      • 60% emissions reduction (2050)
    • Adaptation
      • Adapt to climate change that cannot be avoided
    • International engagement
    • Achieve low carbon economy
    • Households and business assistance 
      • adjust to carbon price
      • Ensure scheme achieves its central objectives
      • Use every cent raised to assist households and business
  • 8. Scheme Coverage
    • 75% national emissions
    • 1000 firms
    • 6 Kyoto gases
  • 9.  
  • 10. Stakeholders
  • 11. Commitments to Households
    • Increase payments to low-income households, pensioner, senior
    • Provide assistance to middle income households
  • 12. Assistance to Business and Workers
    • Climate Change Action Fund
    • Investment in new low-emissions technologies
    • spread of innovation and environment-friendly practices among small/medium sized businesses
    • Provide assistance to regional workers
  • 13. Model – Negative Externality (S)MPC (D)MPB Pp Qp (S)MSC tax Pso Qso Pt (D)MSB Quantity Price Qt Increase in Price Decrease in Quantity
  • 14. What is the Market Failure?
    • Carbon pollution
      • Too much produced at too low of a price
      • No cost
  • 15. What is the proposed remedy?
    • “ Carbon pollution reduction scheme”
      • Cap-and-trade system of emissions trading for greenhouse gases.
      • A central authority sets a limit/cap on amount of a pollutant that can be emitted.
        • Introduce in Australia in 2010 as part of its climate change policy
  • 16. Green Paper
    • Objectives:
      • Meet Australia’s emissions reduction targets in most flexible & cost-effective way
      • Support an effective global response to climate change
      • Provide for transitional assistance for the most affected households and firms
  • 17. How does it work?
    • Buy a 'pollution permit' for each tonne of carbon they contribute to atmosphere.
    • Concentrate on biggest polluters : Around 1000 Australian companies that produce more than 25000 tonnes of carbon pollution each year.
    • 99% of all firms in Australia will not need to purchase permits for their emissions.
  • 18. Cap
    • Limit on greenhouse gas emissions
      • Creates a price for carbon & ability to trade assures that emissions are reduced at lowest possible price.
    • Must be consistent with longer term goals of reducing Australia’s emissions by 60% compared with 2000 levels by 2050
  • 19. Trade
    • Price of permits will be determined by market.
    • By trading amongst themselves, firms achieve scheme cap at least cost to economy.
  • 20. White Paper
    • Government's targets for Greenhouse gas emission reductions
      • 5% below 2000 by 2020 on a one-sided basis or
      • up to 15% below 2000 by 2020 if also agreed by other major emitters
    • Indicative national emissions path for first few years of scheme:
      • In 2010-11, 109% of 2000 levels
      • In 2011-12, 108% of 2000 levels
      • In 2012-13, 107% of 2000 levels
  • 21. Does it internalize the externality?
    • Yes
      • Best way to reduce carbon pollution while minimizing impact on business & households.
  • 22. Citation
    • Department of Climate Change. &quot;Australian Government.&quot; Carbon Pollution Reduction Scheme. 13 Mar. 2009. Australian Government of Climate Change. 14 Mar 2009 <http://www.climatechange.gov.au/greenpaper/index.html>.
    • &quot;Carbon Pollution Reduction Scheme.&quot; Wikipedia. USA: Wikimedia Foundation, Inc, 2009.
    • . &quot;Wikipedia.&quot; Carbon Pollution Reduction Scheme. 12 Mar. 2009. Wikimedia Foundation. Inc. 11 Mar. 2009 <http://en.wikipedia.org/wiki/Carbon_Pollution_Reduction_Scheme>.
    • Socha, Tom. &quot;Air Pollution Causes and Effects .&quot; Health and Energy. 09 Nov. 2007. . 11 Mar. 2009 <http://healthandenergy.com/air_pollution_causes.htm>.

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