@article{Clarke:249535,
      recid = {249535},
      author = {Clarke, Harry and Waschik, Robert},
      title = {Australia’s Carbon Pricing Strategies in a Global Context},
      address = {2011-08},
      number = {450-2016-34001},
      pages = {35},
      year = {2011},
      abstract = {The impact of international carbon control measures – and  the absence of such
measures – on Australian carbon pricing  policies are analyzed both at a theoretical and
empirical  level. While theory and interest group advocacy suggest a  potential case for
destination accounting of carbon  emissions and border tax adjustments and/or  export
exemptions, this case is sometimes exaggerated. For  example, in the ferrous metals
sector, empirical analysis  suggests that gains from such refinements are low  since
carbon leakages and adverse competitiveness effects  are small. In other sectors – such
as non-ferrous metals –  the effects are more pronounced. Exaggerating  the
competitiveness costs of carbon pricing runs the risk  of policy overreaction and
unintended protectionism,  dramatically increasing the costs of Australian carbon  pricing
policies. Providing free and tradable emission  quotas to exporters and import competing
sectors is a  ‘second best’ policy but one with practicality in sectors  where adverse
competitiveness effects do need to be  addressed.},
      url = {http://ageconsearch.umn.edu/record/249535},
      doi = {https://doi.org/10.22004/ag.econ.249535},
}