Climate Change Economics and Policy - Assignment
Added on 2020-03-16
6 Pages582 Words33 Views
Running head: ECONOMICS AND POLICYCLIMATE CHANGE ECONOMICS AND POLICYName of the StudentName of the UniversityAuthor’s Note
1ECONOMICS AND POLICYTable of ContentsQuestion 1........................................................................................................................................2Question 2........................................................................................................................................3References........................................................................................................................................5
2ECONOMICS AND POLICYQuestion 1Coalition policy and Labor support policy both policies support emissions reduction ofAustralia .However, their mechanism differs from each other. Labor carbon pricing shows thatcountry’s largest polluters have to pay for the pollution amount and for this they are givenincentive in order to reduce emissions. Coalition policy shows that, businesses compete to wintenders and for this they are paid to undertake emission reduction projects. The Coalition aims tocreate an environmental friendly workforce in order to undertake conservation projects. Therevenue earned from a carbon price gives funds to support extra cuts and help those who areaffected by the price to adapt. Thus effective direct action plan needed in order to stop imperfectincentive. Direct action can be applied to activities that cannot be incorporated in a carbontrading scheme (Mey and Hicks, 2015) (Wade and Hutchens, 2013)..
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