کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
997059 936332 2006 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Some design lessons from market-based greenhouse gas regulation in the restructured Australian electricity industry
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی مهندسی انرژی و فناوری های برق
پیش نمایش صفحه اول مقاله
Some design lessons from market-based greenhouse gas regulation in the restructured Australian electricity industry
چکیده انگلیسی

There is growing worldwide interest in the use of market-based policy instruments for climate change regulation in the electricity sector. These mechanisms would seem to offer some efficiency and flexibility advantages over more traditional regulatory approaches, while being highly compatible with competitive market-based electricity industries. Australia has been an early and enthusiastic adopter of both electricity industry restructuring and market-based environmental instruments. This paper first outlines some of these recent policy developments. In particular, we describe the objectives, design and outcomes to date of electricity industry restructuring, the Mandatory Renewable Energy Target, the NSW Greenhouse Benchmarks, the Queensland 13% Gas scheme and Government accredited Green Power. From this, we draw some key design lessons for such market-based instruments. These include the perils of abstraction in scheme design, the vital importance of setting appropriate baselines in ‘baseline and credit’ schemes, the possibility that such measures may interact in ways that reduce their environmental effectiveness, ‘market for lemon’ risks with tradable instruments that have measurement, verification or ‘additionality’ difficulties, and the challenges of creating transparent liquid markets for these mechanisms. The mixed performance of these Australian schemes to date illustrates the need for great care in designing such market-based approaches.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Policy - Volume 34, Issue 1, January 2006, Pages 11–25
نویسندگان
, , ,