Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/23558
Title: The most advantageous partners for Australia to bilaterally link its emissions trading scheme
Contributor(s): Nong, Duy (author); Siriwardana, Mahinda  (author)
Publication Date: 2018
Open Access: Yes
DOI: 10.1504/IJGW.2018.10015003
Handle Link: https://hdl.handle.net/1959.11/23558
Abstract: The theory of marginal abatement cost (MAC) indicates that if a country has a high MAC, it should link its domestic emissions trading scheme (ETS) with a foreign country, which has either low MAC or low emissions reduction target. This strategy will maximise its economic benefits from the linkage compared to its domestic ETS. On the other hand, if a country has a low MAC, it would seek a partner, which has either a high MAC or a high emissions reduction target. Using a computable general equilibrium model, namely the extended GTAP-E model, we found that Australia could yield the greatest economic benefits by linking its ETS with India. China is the second best alternative for Australia to link its ETS, while the European Union is the most expensive option for Australia. Overall, the results support the contention that any bilateral linkage is always better for Australia than operating its own domestic ETS alone.
Publication Type: Journal Article
Grant Details: ARC/LP120200192
Source of Publication: International Journal of Global Warming, 15(4), p. 371-391
Publisher: Inderscience Publishers
Place of Publication: United Kingdom
ISSN: 1758-2091
1758-2083
Fields of Research (FoR) 2008: 140205 Environment and Resource Economics
Fields of Research (FoR) 2020: 380105 Environment and resource economics
Socio-Economic Objective (SEO) 2008: 919901 Carbon and Emissions Trading
960302 Climate Change Mitigation Strategies
859802 Management of Greenhouse Gas Emissions from Electricity Generation
Socio-Economic Objective (SEO) 2020: 159901 Carbon and emissions trading
190301 Climate change mitigation strategies
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Appears in Collections:Journal Article
UNE Business School

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