Regulation of emissions under the carbon pricing mechanism : a case study of Australia’s coal fired electricity sector

Christensen, Sharon A., Duncan, William D., & Phillips, Angela (2012) Regulation of emissions under the carbon pricing mechanism : a case study of Australia’s coal fired electricity sector. Asia Pacific Journal of Environmental Law, 15, pp. 17-50.

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Abstract

On 1 July 2012, the carbon pricing mechanism commenced in Australia with the aim of reducing emissions and encouraging investment in clean energy. A substantial proportion of Australia’s emissions are attributable to the coal-fired electricity generation sector. This article examines whether the carbon pricing mechanism will effectively facilitate emissions reduction from the coal-fired electricity sector. Aspects analysed include the legislative constraints placed on the carbon price, the carbon pollution cap and provisions specific to the coal-fired electricity sector, such as transitional assistance. It is concluded that, in practice, the carbon pricing mechanism may not be sufficient in itself to achieve significant reduction in emissions from coal-fired electricity generation or significant investment in clean energy, and that a suite of additional regulatory measures, such as the federal Renewable Energy Target, should operate in conjunction with the mechanism.

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ID Code: 58245
Item Type: Journal Article
Refereed: Yes
Funders: ARC
Keywords: greenhouse gas emissions, carbon pricing mechanism, electricity generation, renewable energy target, transitional assistance
ISSN: 1385-2140
Subjects: Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100) > Environmental and Natural Resources Law (180111)
Divisions: Current > QUT Faculties and Divisions > Faculty of Law
Current > Schools > School of Law
Funding:
Copyright Owner: Copyright 2012 Australian Centre for Climate and Environmental Law
Deposited On: 14 Mar 2013 05:16
Last Modified: 04 Oct 2014 12:51

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