Energy security is the central goal of energy policy. It is a multidimensional concept that incorporates notions of adequacy, reliability, affordability and sustainability. However, Australia’s ongoing energy crisis, particularly on the country’s east and south coast, suggests that Australian energy law has failed to rise to the challenge of achieving energy security at a time when our climate continues to change. In an attempt to improve Australia’s energy security, the Commonwealth government has recently turned to “big stick” legislation aimed at curbing energy market misconduct. This article analyses whether the Treasury Laws Amendment (Prohibiting Energy Market Misconduct) Act 2019 (Cth) truly possesses energy security merit, or instead illustrates the government’s lack of vision at a critical juncture in energy law.
{"title":"Energy Security and 'Big Stick' Legislation","authors":"K. Pan","doi":"10.2139/ssrn.3671131","DOIUrl":"https://doi.org/10.2139/ssrn.3671131","url":null,"abstract":"Energy security is the central goal of energy policy. It is a multidimensional concept that incorporates notions of adequacy, reliability, affordability and sustainability. However, Australia’s ongoing energy crisis, particularly on the country’s east and south coast, suggests that Australian energy law has failed to rise to the challenge of achieving energy security at a time when our climate continues to change. In an attempt to improve Australia’s energy security, the Commonwealth government has recently turned to “big stick” legislation aimed at curbing energy market misconduct. This article analyses whether the Treasury Laws Amendment (Prohibiting Energy Market Misconduct) Act 2019 (Cth) truly possesses energy security merit, or instead illustrates the government’s lack of vision at a critical juncture in energy law.","PeriodicalId":43671,"journal":{"name":"Environmental and Planning Law Journal","volume":"37 1","pages":"607-625"},"PeriodicalIF":0.0,"publicationDate":"2020-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43244908","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In December 2011, the Australian Government introduced a project-based, baseline-and-credit carbon offset certification scheme called the Carbon Farming Initiative (CFI). The scheme is one of the broadest and most comprehensive domestic offset schemes of its type in the world. Its formal objectives are to assist in the achievement of Australia's greenhouse gas mitigation obligations and promote abatement in a manner that will protect the environment and improve resilience to the effects of climate change. Most significantly, the CFI will provide the basis for the generation of certified offsets for use in the Australian carbon pricing scheme under the Clean Energy Act 2011 (Cth) (CE Act) and for sale to overseas buyers. It will also certify domestic offsets for use in voluntary markets. This article describes and analyses key aspects of the CFI and sheds light on its relationship with the international greenhouse accounting rules and the CE Act's carbon pricing scheme. It also evaluates the effectiveness of the mechanisms that have been put in place to deal with integrity risks and secondary impacts associated with the scheme. It is concluded that the CFI has the capacity to significantly reduce the cost of meeting Australia's mitigation targets and promote more sustainable land-management practices. The realisation of this potential will rely heavily on how broad regulation-making and administrative discretions are exercised and whether there are sufficient incentives for landholders to participate in the scheme.
{"title":"An introduction to the Carbon Farming Initiative: Key principles and concepts","authors":"A. Macintosh, L. Waugh","doi":"10.22004/AG.ECON.249393","DOIUrl":"https://doi.org/10.22004/AG.ECON.249393","url":null,"abstract":"In December 2011, the Australian Government introduced a project-based, baseline-and-credit carbon offset certification scheme called the Carbon Farming Initiative (CFI). The scheme is one of the broadest and most comprehensive domestic offset schemes of its type in the world. Its formal objectives are to assist in the achievement of Australia's greenhouse gas mitigation obligations and promote abatement in a manner that will protect the environment and improve resilience to the effects of climate change. Most significantly, the CFI will provide the basis for the generation of certified offsets for use in the Australian carbon pricing scheme under the Clean Energy Act 2011 (Cth) (CE Act) and for sale to overseas buyers. It will also certify domestic offsets for use in voluntary markets. This article describes and analyses key aspects of the CFI and sheds light on its relationship with the international greenhouse accounting rules and the CE Act's carbon pricing scheme. It also evaluates the effectiveness of the mechanisms that have been put in place to deal with integrity risks and secondary impacts associated with the scheme. It is concluded that the CFI has the capacity to significantly reduce the cost of meeting Australia's mitigation targets and promote more sustainable land-management practices. The realisation of this potential will rely heavily on how broad regulation-making and administrative discretions are exercised and whether there are sufficient incentives for landholders to participate in the scheme.","PeriodicalId":43671,"journal":{"name":"Environmental and Planning Law Journal","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2012-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68529687","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：