Abstract:
Given that Ausfralia is now intemationally j obliged to reduce national Greenhouse Gas (GHG) emissions,' the matmer of decarbonisation of the atmosphere is of cmcial importance. One way of reducing GHG emissions is to introduee a carbon tax whereby a tax of $x per tonne of earbon is imposed on industries emitting carbon dioxide. Anotheir approach is to introduce a scheme ¿ known as an Emissions Trading Scheme (ETSs) ¿ which allows trading of permits to emit GHGs.
