Carbon taxation versus emissions trading schemes?

Deakin University, School of Law
Publication Type:
Journal Article
Deakin Law Review, 2010, 15 (1), pp. 99 - 105
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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.
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