Tuesday, 19 October 2010 09:26
Driving Competitiveness in the Clean Energy Economy
Groundbreaking global research commissioned by The Climate Institute reveals that Australia’s major trading partners have higher direct and indirect carbon pricing in their electricity sectors in order to drive cleaner energy investments.
“More and more competitors are putting a price tag on pollution to boost clean energy competitiveness,” said The Climate Institute’s Deputy CEO Erwin Jackson. “There is no risk of Australia leading the world in making businesses responsible for the pollution they cause – we have already been overtaken by competitors including the UK, China and the USA.”
Internationally recognised Vivid Economics assessed the incentives to clean energy deployment applied to the electricity generation sector in 2010, in Australia, China, Japan, South Korea, the United Kingdom and the United States. A comparison of the effort countries are taking was measured as an equivalent price tag on pollution - dollars per tonne of carbon pollution.
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The Climate Institute welcomes critical comment on its research. Following a review from Frontier Economics, Vivid Economics prepared a response:
Vivid Economics has also prepared a briefing note entitled, Approaches to quantifying the cost of low-carbon policies:
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