|
Carbon Pricing In Australia
A carbon pricing scheme in Australia was introduced by the Gillard Labor minority government in 2011 as the '' Clean Energy Act 2011'' which came into effect on 1 July 2012. Emissions from companies subject to the scheme dropped 7% upon its introduction. As a result of being in place for such a short time, and because the then Opposition leader Tony Abbott indicated he intended to repeal "the carbon tax", regulated organizations responded rather weakly, with very few investments in emissions reductions being made. The scheme was repealed on 17 July 2014, backdated to 1 July 2014. In its place the Abbott government set up the Emission Reduction Fund in December 2014. Emissions thereafter resumed their growth evident before the tax. The carbon price was part of a broad energy reform package called the Clean Energy Futures Plan, which aimed to reduce greenhouse gas emissions in Australia by 5% below 2000 levels by 2020 and 80% below 2000 levels by 2050. Although Australia does ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Dollar
The Australian dollar (currency sign, sign: $; ISO 4217, code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar, dollar-denominated currencies; and also referred to as the dollar or Aussie dollar) is the official currency and Legal tender#Australia, legal tender of Australia, including States and territories of Australia, all of its external territories, and three independent sovereign Pacific Islands, Pacific Island states: Kiribati, Nauru, and Tuvalu. * ThMoney Trackersite allows users to track Australian banknotes as they circulate around Australia. Images of historic and modern Australian bank notes* [https://www.rba.gov.au/statistics/historical-data.html?v=2022-09-25-02-11-35#exchange-rates Reserve Bank of Australia – historical data of AUD since 1969 (various .xls files)] The banknotes of Australia {{Authority control 1966 establishments in Australia Articles containing video clips Circulating currencies Currencies int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Electricity Market
The National Electricity Market (NEM) is an arrangement in Australia's electricity sector for the connection of the electricity transmission grids of the eastern and southern Australia states and territories to create a cross-state wholesale electricity market. The Australian Energy Market Commission develops and maintains the Australian National Electricity Rules (NER), which have the force of law in the states and territories participating in NEM. The Rules are enforced by the Australian Energy Regulator. The day-to-day management of NEM is performed by the Australian Energy Market Operator. NEM operations began on 13 December 1998 and currently covers Queensland, New South Wales, Australian Capital Territory, Victoria, Tasmania and South Australia. Western Australia and the Northern Territory are not connected to the NEM. The NEM comprises five regions, with the ACT being in the NSW region. Tasmania joined the NEM in May 2005 and became fully operational on 29 April 2006 w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2007 Australian Federal Election
The 2007 Australian federal election was held in Australia on 24 November 2007. All 150 seats in the Australian House of Representatives, House of Representatives and 40 of the seats in the 76-member Australian Senate, Senate were up for election. The election featured a 39-day campaign, with 13.6 million Australians enrolled to vote. The centre-left Australian Labor Party opposition, led by Kevin Rudd and deputy leader Julia Gillard, defeated the incumbent centre-right Coalition (Australia), Coalition government, led by Liberal Party of Australia, Liberal Party leader and Prime Minister, John Howard, and National Party of Australia, Nationals leader and Deputy Prime Minister, Mark Vaile, by a Landslide victory, landslide. The election marked the end of the 11-year-long Howard-led Liberal–National Coalition government that had been in power since the 1996 Australian federal election, 1996 election. Howard lost his own seat, becoming the first sitting Australian Prime Mini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party
The Australian Labor Party (ALP), also known as the Labor Party or simply Labor, is the major Centre-left politics, centre-left List of political parties in Australia, political party in Australia and one of two Major party, major parties in Politics of Australia, Australian politics, along with the Centre-right politics, centre-right Liberal Party of Australia. The party has been in government since the 2022 Australian federal election, 2022 federal election, and with List of state and territory branches of the Australian Labor Party, political branches active in all the States and territories of Australia, Australian states and territories, they currently hold government in New South Wales, South Australia, Victoria (state), Victoria, Western Australia, and the Australian Capital Territory. As of 2025, Queensland, Tasmania and Northern Territory are the only states or territories where Labor currently forms the opposition. It is the oldest continuously operating political party ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kevin Rudd
Kevin Michael Rudd (born 21 September 1957) is an Australian diplomat and former politician who served as the 26th prime minister of Australia from 2007 to 2010 and June to September 2013. He held office as the Leaders of the Australian Labor Party#Leader, leader of the Labor Party from 2006 to 2013. Since 2023, Rudd has served as the 23rd List of ambassadors of Australia to the United States, ambassador of Australia to the United States. Born in Nambour, Queensland, Rudd graduated from the Australian National University with honours in Sinology, Chinese studies, and is fluent in Mandarin language, Mandarin. Before politics, he worked as a diplomat and public servant for the Queensland state government of Wayne Goss. Rudd was elected to the Australian House of Representatives at the 1998 Australian federal election, 1998 federal election for the Queensland division of division of Griffith, Griffith. He was promoted to the Shadow Cabinet (Australia), shadow cabinet in 2001 as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Australian
''The Australian'', with its Saturday edition ''The Weekend Australian'', is a broadsheet daily newspaper published by News Corp Australia since 14 July 1964. As the only Australian daily newspaper distributed nationally, its readership of both print and online editions was 2,394,000. Its editorial line has been self-described over time as centre-right. Mitchell, Chris (9 March 2006)The Media Report. Australian Broadcasting Company. Parent companies ''The Australian'' is published by News Corp Australia, an asset of News Corp, which also owns the sole daily newspapers in Brisbane, Adelaide, Hobart, and Darwin, and the most circulated metropolitan daily newspapers in Sydney and Melbourne. News Corp's chairman and founder is Rupert Murdoch. ''The Australian'' integrates content from overseas newspapers owned by News Corp Australia's international parent News Corp, including ''The Wall Street Journal'' and ''The Times'' of London. History The first edition of ''Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emissions Trading
Emissions trading is a market-oriented approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). One prominent example is carbon emission trading for and other greenhouse gases which is a tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants. In an emissions trading scheme, a central authority or governmental body allocates or sells a limited number (a "cap") of permits that allow a discharge of a specific quantity of a specific pollutant over a set time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Emissions trading is a type of flexible environmental regulation that allows organizations and markets to decide how best to meet policy targets. This is in contrast to comma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Howard Government
The Howard government refers to the Government of Australia, federal executive government of Australia led by Prime Minister John Howard between 11 March 1996 and 3 December 2007. It was made up of members of the Liberal Party of Australia, Liberal–National Party of Australia, National Coalition (Australia), Coalition, which won a majority of seats in the Australian House of Representatives, House of Representatives at four successive elections. The Howard government commenced following victory over the Keating government at the 1996 Australian federal election, 1996 federal election. It concluded with its defeat at the 2007 Australian federal election, 2007 federal election by the Australian Labor Party, whose leader Kevin Rudd then formed the first Rudd government (2007–2010), Rudd government. It was the second-longest government under a single prime minister, with the longest having been the second Menzies government (1949–1966). Two senior ministers served in single r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kim Beazley
Kim Christian Beazley (born 14 December 1948) is an Australian former politician and diplomat. Since 2022 he has served as chairman of the Australian War Memorial. Previously, he was leader of the Australian Labor Party (ALP) and Leader of the Opposition (Australia), leader of the opposition from 1996 to 2001 and 2005 to 2006, having previously been a Cabinet of Australia, cabinet minister in the Hawke government, Hawke and Keating governments. After leaving parliament, he served as Australian Ambassador to the United States, ambassador to the United States from 2010 to 2016 and 33rd governor of Western Australia from 2018 to 2022. Beazley was born in Perth, the son of politician Kim Beazley Sr. He studied at the University of Western Australia and Balliol College, Oxford, as a Rhodes Scholar. After a period as a lecturer at Murdoch University, Beazley was elected to Australian Parliament, Parliament at the 1980 Australian federal election, 1980 election, winning the Division o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Failure
In neoclassical economics, market failure is a situation in which the allocation of goods and services by a free market is not Pareto efficient, often leading to a net loss of economic value.Paul Krugman and Robin Wells Krugman, Robin Wells (2006). ''Economics'', New York, Worth Publishers. The first known use of the term by economists was in 1958,Francis M. Bator (1958). "The Anatomy of Market Failure," ''Quarterly Journal of Economics'', 72(3) pp351–379(press +). but the concept has been traced back to the Victorian writers John Stuart Mill and Henry Sidgwick.Steven G. Medema (2007). "The Hesitant Hand: Mill, Sidgwick, and the Evolution of the Theory of Market Failure," ''History of Political Economy'', 39(3)pp. 331��358. 200Online Working Paper. Market failures are often associated with public goods, time-inconsistent preferences, Information asymmetry, information asymmetries, Market structure, failures of competition, principal–agent problems, externalities,Jean-Jacques L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecotax
An environmental tax, ecotax (short for ecological taxation), or green tax is a tax levied on activities which are considered to be harmful to the environment and is intended to promote environmentally friendly alternatives via economic incentives. One notable example is a carbon tax. Such a policy can complement or avert the need for regulatory ( command and control) approaches. Often, an ecotax policy proposal may attempt to maintain overall tax revenue by proportionately reducing other taxes (e.g. taxes on wages and income or property taxes); such proposals are known as a green tax shift towards ecological taxation. Ecotaxes address the failure of free markets to consider environmental impacts. Ecotaxes are examples of Pigouvian taxes, which are taxes on goods whose production or consumption creates external costs or externalities. An example might be philosopher Thomas Pogge's proposed Global Resources Dividend. Categories of Environmental Taxes The term, environmenta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stern Review
The Stern Review on the Economics of Climate Change is a 700-page report released for the Government of the United Kingdom on 30 October 2006 by economist Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE) and also chair of the Centre for Climate Change Economics and Policy (CCCEP) at Leeds University and LSE. The report discusses the effect of global warming on the world economy. Although not the first economic report on climate change, it is significant as the largest and most widely known and discussed report of its kind. The Review states that climate change is the greatest and widest-ranging market failure ever seen, presenting a unique challenge for economics. The Review provides prescriptions including environmental taxes to minimise the economic and social disruptions. The Stern Review's main conclusion is that the benefits of strong, early action on climate change far outweigh the cos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
