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Carbon Pricing In Australia
A carbon pricing scheme in Australia was introduced by the Gillard Labor minority government in 2011 as the '' Clean Energy Act 2011'' which came into effect on 1 July 2012. Emissions from companies subject to the scheme dropped 7% upon its introduction. As a result of being in place for such a short time, and because the then Opposition leader Tony Abbott indicated he intended to repeal "the carbon tax", regulated organisations responded rather weakly, with very few investments in emissions reductions being made. The scheme was repealed on 17 July 2014, backdated to 1 July 2014. In its place the Abbott Government set up the Emission Reduction Fund in December 2014. Emissions thereafter resumed their growth evident before the tax. The carbon price was part of a broad energy reform package called the Clean Energy Futures Plan, which aimed to reduce greenhouse gas emissions in Australia by 5% below 2000 levels by 2020 and 80% below 2000 levels by 2050. The plan set out to achie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Dollar
The Australian dollar ( sign: $; code: AUD) is the currency of Australia, including its external territories: Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is officially used as currency by three independent Pacific Island states: Kiribati, Nauru, and Tuvalu. It is legal tender in Australia.''Reserve Bank Act 1959'', s.36(1) an ''Currency Act 1965'', s.16 Within Australia, it is almost always abbreviated with the ($), with A$ or AU$ sometimes used to distinguish it from other |
National Electricity Market
The National Electricity Market (NEM) is an arrangement in Australia's electricity sector for the connection of the electricity transmission grids of the eastern and southern Australia states and territories to create a cross-state wholesale electricity market. The Australian Energy Market Commission develops and maintains the Australian National Electricity Rules (NER), which have the force of law in the states and territories participating in NEM. The Rules are enforced by the Australian Energy Regulator. The day-to-day management of NEM is performed by the Australian Energy Market Operator. NEM operations began on 13 December 1998 and currently covers Queensland, New South Wales, Australian Capital Territory, Victoria, Tasmania and South Australia. Western Australia and the Northern Territory are not connected to the NEM. The NEM comprises five regions, with the ACT being in the NSW region. Tasmania joined the NEM in May 2005 and became fully operational on 29 April 2006 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Rudd Government
First or 1st is the ordinal form of the number one (#1). First or 1st may also refer to: *World record, specifically the first instance of a particular achievement Arts and media Music * 1$T, American rapper, singer-songwriter, DJ, and record producer Albums * ''1st'' (album), a 1983 album by Streets * ''1st'' (Rasmus EP), a 1995 EP by The Rasmus, frequently identified as a single * ''1ST'', a 2021 album by SixTones * ''First'' (Baroness EP), an EP by Baroness * ''First'' (Ferlyn G EP), an EP by Ferlyn G * ''First'' (David Gates album), an album by David Gates * ''First'' (O'Bryan album), an album by O'Bryan * ''First'' (Raymond Lam album), an album by Raymond Lam * ''First'', an album by Denise Ho Songs * "First" (Cold War Kids song), a song by Cold War Kids * "First" (Lindsay Lohan song), a song by Lindsay Lohan * "First", a song by Everglow from '' Last Melody'' * "First", a song by Lauren Daigle * "First", a song by Niki & Gabi * "First", a song by Jonas Bro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kyoto Protocol
The Kyoto Protocol was an international treaty which extended the 1992 United Nations Framework Convention on Climate Change (UNFCCC) that commits state parties to reduce greenhouse gas emissions, based on the scientific consensus that (part one) global warming is occurring and (part two) that human-made CO2 emissions are driving it. The Kyoto Protocol was adopted in Kyoto, Japan, on 11 December 1997 and entered into force on 16 February 2005. There were 192 parties ( Canada withdrew from the protocol, effective December 2012) to the Protocol in 2020. The Kyoto Protocol implemented the objective of the UNFCCC to reduce the onset of global warming by reducing greenhouse gas concentrations in the atmosphere to "a level that would prevent dangerous anthropogenic interference with the climate system" (Article 2). The Kyoto Protocol applied to the seven greenhouse gases listed in Annex A: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2007 Australian Federal Election
The 2007 Australian federal election was held in Australia on 24 November 2007. All 150 seats in the Australian House of Representatives, House of Representatives and 40 of the seats in the 76-member Australian Senate, Senate were up for election. The election featured a 39-day campaign, with 13.6 million Australians enrolled to vote. The centre-left Australian Labor Party Opposition (Australia), opposition, led by Kevin Rudd and deputy leader Julia Gillard, defeated the incumbent centre-right Coalition (Australia), Coalition government, led by Liberal Party of Australia, Liberal Party leader and Prime Minister, John Howard, and National Party of Australia, Nationals leader and Deputy Prime Minister, Mark Vaile, by a Landslide victory, landslide. The election marked the end of the 11 year Howard Liberal-National Coalition government that had been in power since the 1996 Australian federal election, 1996 election. This election also marked the start of the six-year Rudd-Gil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party
The Australian Labor Party (ALP), also simply known as Labor, is the major centre-left political party in Australia, one of two major parties in Australian politics, along with the centre-right Liberal Party of Australia. The party forms the federal government since being elected in the 2022 election. The ALP is a federal party, with political branches in each state and territory. They are currently in government in Victoria, Queensland, Western Australia, South Australia, the Australian Capital Territory, and the Northern Territory. They are currently in opposition in New South Wales and Tasmania. It is the oldest political party in Australia, being established on 8 May 1901 at Parliament House, Melbourne, the meeting place of the first federal Parliament. The ALP was not founded as a federal party until after the first sitting of the Australian parliament in 1901. It is regarded as descended from labour parties founded in the various Australian colonies by the emergin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kevin Rudd
Kevin Michael Rudd (born 21 September 1957) is an Australian former politician and diplomat who served as the 26th prime minister of Australia from 2007 to 2010 and again from June 2013 to September 2013, holding office as the leader of the Australian Labor Party (ALP). He is set to be appointed as the 23rd Ambassador of Australia to the United States in March of 2023, succeeding Arthur Sinodinos. Born in Nambour, Queensland, Rudd graduated from the Australian National University with honours in Chinese studies, and is fluent in Mandarin. Before entering politics, he worked as a diplomat and public servant for the Goss Ministry. Rudd was elected to the Australian House of Representatives at the 1998 federal election, as a member of parliament (MP) for the division of Griffith. He was promoted to the shadow cabinet in 2001 as Shadow Minister for Foreign Affairs. In December 2006, he defeated Kim Beazley in a leadership spill to become the leader of the Labor Party, thus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Australian
''The Australian'', with its Saturday edition, ''The Weekend Australian'', is a broadsheet newspaper published by News Corp Australia since 14 July 1964.Bruns, Axel. "3.1. The active audience: Transforming journalism from gatekeeping to gatewatching." (2008). "''The Australian'' has long positioned itself as a loyal supporter of the incumbent government of Prime Minister John Howard, and is widely regarded as generally favouring the conservative side of politics." As the only Australian daily newspaper distributed nationally, its readership of both print and online editions was 2,394,000. Its editorial line has been self-described over time as centre-right. Parent companies ''The Australian'' is published by News Corp Australia, an asset of News Corp, which also owns the sole daily newspapers in Brisbane, Adelaide, Hobart, and Darwin, and the most circulated metropolitan daily newspapers in Sydney and Melbourne. News Corp's Chairman and Founder is Rupert Murdoch. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Emissions Trading
Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission trading for and other greenhouse gases has been introduced in China, the European Union and other countries as a key tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants. In an emissions trading scheme, a central authority or governmental body allocates or sells a limited number (a "cap") of permits that allow a discharge of a specific quantity of a specific pollutant over a set time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Emissions trading is a type of flexible environmental regulation that allows organizations and markets to decide how best to meet po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kim Beazley
Kim Christian Beazley (born 14 December 1948) is an Australian former politician and diplomat. He was leader of the Australian Labor Party (ALP) and leader of the opposition from 1996 to 2001 and 2005 to 2006, having previously been a cabinet minister in the Hawke and Keating governments. After leaving parliament he served as ambassador to the United States from 2010 to 2016 and governor of Western Australia from 2018 to 2022. Beazley was born in Perth, the son of politician Kim Beazley. He studied at the University of Western Australia and Balliol College, Oxford, as a Rhodes Scholar. After a period as a lecturer at Murdoch University, Beazley was elected to Parliament at the 1980 election, winning the Division of Swan. Prime Minister Bob Hawke appointed Beazley to the Cabinet following Labor's victory at the 1983 election, and Beazley served as a minister continuously through to the party's defeat at the 1996 election. His roles included Minister for Defence fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Failure
In neoclassical economics, market failure is a situation in which the allocation of goods and services by a free market is not Pareto efficient, often leading to a net loss of economic value. Market failures can be viewed as scenarios where individuals' pursuit of pure self-interest leads to results that are not efficient – that can be improved upon from the societal point of view.Paul Krugman and Robin Wells (2006). ''Economics'', New York, Worth Publishers. The first known use of the term by economists was in 1958, Francis M. Bator (1958). "The Anatomy of Market Failure," ''Quarterly Journal of Economics'', 72(3) pp351–379(press +). but the concept has been traced back to the Victorian philosopher Henry Sidgwick.Steven G. Medema (2007). "The Hesitant Hand: Mill, Sidgwick, and the Evolution of the Theory of Market Failure," ''History of Political Economy'', 39(3), p. 331��358. 200Online Working Paper. Market failures are often associated with public goods, time-inconsiste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
