Discuss the rationale and the theoretical underpinnings of a Carbon Tax and compare it with the Direct Action Plan

Discuss the rationale and the theoretical underpinnings of a Carbon Tax and compare it with the Direct Action Plan

Real-world scenario:

The Australian Government introduced a Carbon Tax in 2012 to mitigate greenhouse gas emissions and to tackle the serious environmental problem of climate change. The Coalition Government introduced a Direct Action Plan to replace the Carbon Tax and to achieve the same goal of greenhouse gas mitigation.

Details of the task:

Briefly discuss the main motivation of implementing these policies. Compare and contrast these two policies and evaluate the incentives for both policies in reducing emissions. Which policy is ‘best’? Why? Explain an alternative policy to the Carbon Tax and Direct Action Plan the government could employ to reduce emissions?

The project should at minimum:

  • Discuss the rationale and the theoretical underpinnings of a Carbon Tax and compare it with the Direct Action Plan

  • Identify what you believe is the ‘best’ policy alternative and why.

  • Explain an alternative policy to the Carbon Tax and Direct Action Plan

Formatting the Final Project

The final document should be submitted as a double-spaced Microsoft Word document with:

  • a title page indicating the title of the project, your name and student ID number
  • an introduction and conclusion (even if they are brief)
  • use the Harvard referencing style for both in-text referencing and citing and in the end of the document reference list.

You are encouraged to embed online media (hyperlinks to specific websites, videos and podcasts) in order to comply with the word limit restriction. It makes sense to provide more analysis and present descriptive contents using external web links or hypertexts. However, this should be to support your own analysis. Your teacher should be able to assess your knowledge and skills to complete this task via your own ability to meet the subject intended learning outcomes:

  • Evaluate the empirical evidence relating to climate change and its adverse impacts on natural and built environments in Australia.
  • Apply economic principles relating to climate change and evaluate key mitigation and adaptation policies in both developed and developing countries.
  • Discuss core strategic issues relating to the international response to climate change mitigation.
  • Assess and propose appropriate adaptation and business strategies in response to climate change and present them in a report.

Submission

The final document should be submitted via the Turnitin link (LMS).

Assessment issues

If you experience any issues about the project you should seek early advice from the Subject Coordinator. The task requires a substantial research effort on the chosen case and using and reviewing material outside the reading list.

Please bear in mind that this authentic learning task is equivalent to your final examination for this subject. Past evidence indicates that late starters (of Project work) tend to struggle passing the subject.

No extensions will be granted outside the university policies and procedures (see Subject Learning Guide).

Last modified: Tuesday, 12 June 2018, 2:53 PM

 

 

Project Resources

INTRODUCTION

The project resources are generally contained in the weekly resources and additional resources. For example in Module 3 Week 9 there are resources on the carbon tax versus the emissions reduction scheme. In Module 3 Week 12, there are resources on the business implications of climate change. The further resources presented here are intended to compliment those.

FURTHER RESOURCES

The Cambridge Institute for Sustainable Business summarises the IPCC AR 5 implication for business :

http://www.cisl.cam.ac.uk/business-action/low-carbon-transformation/ipcc-climate-science-business-briefings/ipcc-briefings

The UNFCCC has a database of business case studies on adaption and reducing the risks of climate change:

http://unfccc.int/adaptation/workstreams/nairobi_work_programme/items/6547.php

The blog from the Earth Institute asks, “What are five tech companies doing about climate change?”

http://blogs.ei.columbia.edu/2016/03/04/what-five-tech-companies-are-doing-about-climate-change/

On the carbon tax versus the direct action plan (ERF) here are three journal paper references

Freebairn, J, (2016), “A comparison of policy instruments to reduce greenhouse gas emissions”, Economic Papers, Vol 35, Issue 3, p.204-215

Burke, P.J, (2016), “Undermined by adverse selection: Australia’s direct action abatement”, Economic Papers, Vol 35, Issue 3, p.216-229

Clark, H., Fraser, I, and Waschik, R.G. (2014)., How much abatement will Australia’s Emissions Reduction Fund buy?”, Economic Papers, Vol 33, Issue 4, p.315-326

 

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