Climate Change Economics Questions 2022

Geography
Climate Change Economics
Question 1
Illustrate with a diagram and explain in words how the former Labor
Government’s carbon tax policy compares with the Coalition Government’s direct
action plan (Response in one paragraph under 100 words)?
Both the former labour government and the current coalition government agree on
carbon emission reduction target but they disagree on the mechanism of
implementation.
Under labor government policy those companies or organizations that produce largest
amount of carbon emissions are paying the highest amount of money. In other words, it
means the biggest polluters pay more thus giving the polluters incentive of curbing and
reducing carbon emissions. Meanwhile, for the coalition government, the government
undertakes open tendering process with businesses for carbon emission reduction
projects. The coalition government believes that this strategy is cheaper in reducing
emissions and better for the economy as compared to the electricity tax.
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