Final Econ Australia

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Cheerome's Australia

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Final Econ Australia

  1. 1. Jerome The Carbon Pollution Reduction Scheme in Australia Jerome Chee Hong Chee Hong
  2. 2. Addressing climate change is one of the key economic and environmental challenges facing Australia and the rest of the world.
  3. 3. Background
  4. 5. The Carbon Pollution Reduction Scheme in Australia
  5. 6. What is the Market Failure? <ul><li>The emission of carbon pollution into our environment, and this is a negative externality because this will have very serious impacts on food production, agriculture, and in general Australia’s environment. </li></ul>
  6. 7. Remedies <ul><li>CPRS </li></ul><ul><li>The Government's climate change strategy is based on three pillars: </li></ul><ul><li>reducing Australia's greenhouse gas emissions </li></ul><ul><li>adapting to climate change that we cannot avoid </li></ul><ul><li>helping to shape a global solution. </li></ul>
  7. 8. What does CPRS do? <ul><ul><li>Caps and Credits. </li></ul></ul>
  8. 9. <ul><li>Prices </li></ul>
  9. 10. <ul><li>Does it work? </li></ul>
  10. 11. <ul><li>Carbon Pollution Reduction Scheme is the best way to reduce emissions while continuing to build long-term economic prosperity </li></ul>
  11. 12. <ul><li>Models </li></ul>
  12. 14. <ul><li>Models </li></ul>
  13. 15. Stakeholders <ul><li>Producers </li></ul><ul><li>Consumers </li></ul>
  14. 16. <ul><li>Government </li></ul><ul><li>3 rd Party </li></ul>
  15. 17. Bibliography <ul><li>Australian Government. Green Paper . http://www.climatechange.gov.au/emissionstrading/index.html: , 2008. </li></ul><ul><li>Department of Climate Change. Green Paper . http://www.climatechange.gov.au: , 2008. </li></ul><ul><li>International Centre for Trade and Sustainable Development. 8 October, 2003.” Sydney. </li></ul><ul><li>http://www.ictsd.org/weekly/03-10-08/story4.htm. </li></ul>

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