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Climate | Environment | Emissions Reduction

Climate Change: Getting it right

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.

"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.

Our Related Research

Climate | Environment | Emissions Reduction October 30, 2009

Consumption tax modelling

Carbon tax - a genuine alternative to cap-and-trade: New modelling shows carbon tax would have less impact on GDP and more impact on reducing emissions than cap-and-trade. [Research and Policy article]

Read more Climate | Environment | Emissions Reduction October 30, 2009

Garnaut Climate Change Review: Emissions trading discussion paper

At a CEDA event in Sydney, Professor Ross Garnaut presented his options for an emissions trading scheme for Australia. [CEDA event]

Read more Climate | Environment | Emissions Reduction October 30, 2009

Growth 61: A Taxing Debate - Climate policy beyond Copenhagen

This report recommended a carbon tax as a viable "Plan B" to replace earlier, problematic cap-and-trade proposals.

Read more

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