Economics: Climate Change Economics And Policy- Kyoto Protocol- Economics Assignment Help

Internal Code: 1HDJF

Economics Assignment Help:

Task: Module 3 provides a review of international agreements and domestic policies for mitigation climate change. In particular the Kyoto Protocol and the Paris Agreement under the United Nations Framework Convention on Climate Change (UNFCCC) are the two key international agreements. In Australia we compare and contrast the carbon tax policy with the Emissions Reduction Fund. In week 9, the focus is on development of carbon pricing instruments globally. A potential risk identified is carbon leakage. A next step in this development of these markets is the potential for the linking carbon pricing across the different schemes.

1. Illustrate with a diagram and explain in words how, theoretically the former Labor Government’s carbon tax policy compares with the Coalition Government’s direct action plan (Response in one paragraph under 100 words)?
2. Assume you are a senior researcher with the United Nations Framework Convention on Climate Change (UNFCCC). The Head of the research branch has requested a briefing note on the possibility of linking the EU ETS with the NZ ETS. She has asked for precise and concise answer to the following two questions (assume the linking is direct and bilateral).
   • In two dot points what is the key motivation for linking two emissions trading schemes (Respond in less than 60 words)?
   • Assume the initial price of carbon is higher in the EU ETS. Do NZ ETS net buyers of emissions permits gain or lose? Do EU ETS net sellers of emissions permits gains or lose? Briefly explain(in less than 60 words).