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Carbon taxation and corporate behaviour
Carbon taxation and corporate behaviour

... interesting precedent – one observed closely by many countries around the world. Giving some background to the policy, Lloyd Fleming, managing director – Europe of Carbon Trade Exchange, explained that Australia is taking the lead in this area as, even though it is a relatively small economy, it has ...
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European Civil Aviation Conference
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Overcoming the Copenhagen Failure with Flexible Commitments
Overcoming the Copenhagen Failure with Flexible Commitments

... Inevitably, if there is to be an agreement, the world will have to decide on some principles of allocation— a formula. The debate will focus on the terms of the allocation formula. Kyoto seemed based on a principle that worked imperfectly among developed countries, but will simply not work when deve ...
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... avoid the worst effects of climate change. Stern writes that the cost of enacting policies now to stabilize greenhouse gas emissions—about 1 percent of global GDP per year—must be considered a wise investment with returns that will far outweigh the costs of doing too little. ...
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Vulnerabilities of the global carbon cycle in the 21st Century

... intense draining for agriculture and increasing climate variability in the form of more intense droughts (associated or not to El Niño events) have destabilized this millennia-long C sink (Page et al. 2004; Aldhous 2004; Murdiyarso and Lebel, this volume). During El Niño 1997-98 events in Indonesia, ...
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Mitigation of global warming in Australia

Mitigation of global warming involves taking actions to reduce greenhouse gas emissions and to enhance sinks aimed at reducing the extent of global warming. This is in distinction to adaptation to global warming, which involves taking action to minimise the effects of global warming. Scientific consensus on global warming, together with the precautionary principle and the fear of non-linear climate transitions, is leading to increased effort to develop new technologies and sciences and carefully manage others in an attempt to mitigate global warming.Carbon capture and storage (CCS) for coal-fired power stations has been put forward as a solution to rising greenhouse gas emissions. However, CCS cannot deliver in time to avoid dangerous increases in temperatures, as widespread commercial use of CCS is not expected before 2030.Following the introduction of government mandatory renewable energy targets, more opportunities have opened up for renewable energy technologies such as wind power, photovoltaics, and solar thermal technologies. The deployment of these technologies provides opportunities for mitigating greenhouse gases.A carbon price was introduced on 1 July 2012 by the government of Julia Gillard with the purpose of reducing Australia's carbon emissions. It requires large businesses (defined as those with annual carbon dioxide equivalent emissions over 25,000 tonnes annually) to pay a price for emissions permits. The tax was scrapped by the Abbott government in July 2014 in what was a widely criticised and highly publicised move.
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