Discussion paper

Once more with feeling: Principles for reducing greenhouse gas emissions and improving the wellbeing of most Australians

30 Aug 2010

Despite much of the election being allegedly fought on 'economic management' neither the ALP nor the Coalition were asked to explain how it was that they simultaneously claimed to be 'good economic managers' yet were determined to ignore all economic evidence about the best way to tackle climate change.

This election has shown just how much of a challenge new issues such as climate change are for old political structures.

This paper spells out the economic principles that should underpin an effective, efficient and equitable approach to reducing Australia’s greenhouse gas emissions at the lowest possible cost.In addition to providing an overview of the principles that should underpin the development of efficient emission reduction policies it also provides evidence to support the claim that the introduction of a carbon price would benefit most Australian families. Put simply, the collection of a carbon tax should not be seen as a cost to the economy but a redistribution within the economy.

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