ERF - Economics Students Society of Australia

ERF

A collection of 3 posts

First auction, first success?

First auction, first success?

Last Thursday concluded the first auction of the government’s Emissions Reduction Fund (ERF), the centrepiece of their Direct Action climate policy. It awarded 144 projects from 43 participants to deliver 47 million tonnes of carbon-equivalent abatement over a ten-year period at an average price of $13.95 (Clean Energy

Making the best of Direct Action - Part 3

Making the best of Direct Action - Part 3

Read Part 1 and Part 2. So far this series has examined the auction design of the Coalition’s Emissions Reduction Fund (ERF) and attempted to provide an alternative process to purchasing carbon abatement projects. Strategic behaviour has been highlighted as a primary risk to achieving low cost emission reductions

Making the best of Direct Action - Part 1

Making the best of Direct Action - Part 1

Despite the overwhelming support among academics, business leaders and economists for an emissions trading scheme type approach to global warming, it appears “Australia has chosen”, and the reality is that come the new senate on 1 July 2014, the carbon tax will be repealed and replaced with the Coalition’s