06 May 2018

This article analyses the implementation of emissions trading systems (ETSs) in eight jurisdictions: the EU, Switzerland, the Regional Greenhouse Gas Initiative (RGGI) and California in the US, Québec in Canada, New Zealand, the Republic of Korea and pilot schemes in China. The article clarifies what is working, what isn’t and why, when it comes to the practice of implementing an ETS.

Journal article
02 Apr 2018

Emissions trading systems (ETSs) as a cost-effective instrument for emissions control in the power sector are now being implemented or considered across a diverse set of jurisdictions. However, regulation in the power sector may impede or alter the functioning of an ETS.

Research report
02 Apr 2018

An emissions trading system (ETS) is a market-based mechanism that is applied to achieve emissions targets at least cost. By fixing a quantity of emissions (the cap), requiring that companies surrender one allowance for each unit of emissions generated and making the allowance tradable, a carbon market is created through which an allowance price emerges.

Research report
11 Dec 2017

This report outlines stakeholders’ views on how the Emissions Reduction Fund (ERF) is performing and whether improvements should be made to its operation, administration, design and governance.

Evaluation
15 Jun 2015

In the absence of a global agreement to reduce emissions, Australia has adopted a carbon taxunilaterally to curb its own emissions.

Working paper
15 Jul 2015

Energy production is vital to the Australian economy, but the carbon tax policy introduced in July 2012 triggered substantial fear in the energy sectors.

Working paper
15 Jan 2016

Using an environmentally extended MONASH model and a database containing detailed energy sectors, this paper evaluates the effects of an ETS in Australia.

Working paper
31 May 2017

This document outlines an integrated proposal for managing unit supply and prices in the ETS. Its objective is to generate a more predictable long-term emission price signal to guide efficient domestic de-carbonisation and cost-effectively manage New Zealand’s overall contribution to global emission reductions.

Discussion paper
09 Jun 2017

This document outlines a plan to maintain security and reliability in the National Electricity Market (NEM) in light of the significant transition underway, including due to rapid technological change.

Strategy
08 Jun 2017

Frank Jotzo looks at low emissions targets and how they might work in Australia.

Commentary
01 Feb 2016

By employing a computable general equilibrium (CGE) model with an embedded electricity supply sub-model, this paper reports the effects of a national ETS on the Australian energy sectors.

Discussion paper
20 Mar 2017

OECD Environmental Performance Reviews provide independent assessments of countries’ progress towards their environmental policy objectives.

Research report