PROGRESS 2050: Toward a prosperous future for all Australians
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]
A carbon tax is more economically and environmentally sound than a cap-and trade system such as the CPRS (carbon pollution reduction scheme), according to modelling released by CEDA (the Committee for Economic Development of Australia).
The modelling, based on the same Treasury framework as earlier models, was commissioned by CEDA from Access Economics.
The modelling is available by following the link below.
Geoff Carmody in his chapter in CEDA's latest report A Taxing Debate: Climate policy beyond Copenhagen labels the Australia's Carbon Pollution Reduction Scheme (CPRS) 'the GST from hell' claiming it will affect exports, exempt imports and reduce competitiveness. He argues that it is more likely to drive emissions (and jobs) overseas than reduce emissions globally. Consumption-based emissions policy: A vaccine for the CPRS 'trade flu'? questions the proposed policy model as an acceptable international solution and notes that, China supports a consumption-based approach.
Geoff Carmody presented preliminary results and discussed the benefit a tax at a recent CEDA event. His speech is available in various formats by clicking the links below.
Few issues with such significant long term implications have been as divisive as climate change. A Taxing Debate: The forgotten issues of climate policy was released in August 2009.
Read more Climate | Environment | Emissions Reduction October 30, 2009CEDA's Climate Change - Getting it Right report promotes a risk management approach to climate change - achieving reductions in emissions through markets, carbon pricing and investment in low emissions technologies, while preserving economic growth. [Research and Policy article - Full content is only available to CEDA members]
Read more Climate | Environment | Emissions Reduction October 30, 2009Following the much-anticipated release of the Garnaut Climate Change Review's Final Report, Professor Garnaut spoke to CEDA in Sydney on 3 October 2008. [CEDA event]
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