How much abatement will Australia’s Emissions Reduction Fund buy?

Vol: 
1416
Author name: 
Harry Clarke
Iain Fraser
Robert Waschik
Year: 
2014
Month: 
August
Abstract: 

The economic implications for Australia of replacing its carbon tax policy with an Emissions Reduction Fund (ERF) scheme are examined. A computable general equilibrium model is used to show that the budget allocated for the ERF is about 50 per cent of that required to meet Australia’s greenhouse gas abatement commitments.

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