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The Australian Carbon Tax - A Step in the Right Direction But Not Enough

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Author

Summary, in English

In this paper we argue that the recently legislated carbon tax in Australia is a step in the right direction towards a low-carbon society, but not enough: de-carbonizing Australia calls for a radical structural transformation of the economy. Based on past experiences and economic theory, we argue that current climate policies should be complemented with an additional set of development policies aimed at developing new technology that has the capacity to structurally change the economy including the demand side of the economy. We suggest eight policy measures which can be pursued together with the carbon tax to reduce CO2 emissions

Publishing year

2012

Language

English

Pages

293-302

Publication/Series

Carbon Management

Volume

3

Issue

3

Document type

Journal article

Publisher

Taylor & Francis

Topic

  • Economics

Keywords

  • CO2 emissions
  • economic growth
  • development
  • structural change

Status

Published

ISBN/ISSN/Other

  • ISSN: 1758-3004