- Title
- Climate change, economic instruments and the land sectors: the Australian experience
- Creator
- Baird, Daniel; Aydos, Elena de Lemos
- Relation
- O Estado Regulador No Cenário Ambiental p. 45-71
- Publisher
- Instituto o Direito por um Planeta Verde
- Resource Type
- book chapter
- Date
- 2017
- Description
- Climate change is a critical issue which requires complex and detailed policy responses. Regulation through the use of economic instruments such as carbon pricing schemes and environmental offsets, has gained considerable strength as an approach to climate change policy, at both an international and domestic level. In Australia, the emissions of the land sectors are significant, and their abatement potential is considerable, yet there are a number of issues which make it difficult to impose carbon pricing on them. An important response to these issues was the implementation of the Carbon Farming Initiative (CFI), a voluntary offset scheme whereby participants generate credits known as Australian carbon credit units (ACCU). The CFI was initially linked to Australia's Carbon Pricing Mechanism (CPM). However, the CPM was abolished by the Coalition government in 2014, which also substantially altered the CFI to become its centrepiece climate change policy, the Emissions Reduction Fund (ERF). The aim of this chapter is to provide a detailed description of these policy developments. The topic is ideal in the context of this book, as it invites Brazilian academics and policymakers to think about future comparative research between the CFI and the Brazilian 'Pagamento por Serviços Ambientais' (PSA) as an instrument to finance projects for greenhouse gas reductions in the land sectors.
- Subject
- climate change; carbon pricing; pricing
- Identifier
- http://hdl.handle.net/1959.13/1390276
- Identifier
- uon:33025
- Identifier
- ISBN:9788563522429
- Language
- eng
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