Pricing carbon: an ecological economics perspective on the McKibbin?Wilcoxen proposal for Australia

Q3 Business, Management and Accounting

International Journal of Environment, Workplace and Employment Pub Date : 2007-10-02 DOI:10.1504/IJEWE.2007.015291

Judith Mcneill, J. Williams

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引用次数: 1

Abstract

Many countries are contemplating the design of institutions to address 'the greatest market failure the world has ever seen' (Stern, N. (2007) The Economics of Climate Change. Cambridge, UK: Cambridge University Press, p.xviii). Australia is currently considering introducing a carbon trading scheme and prominent amongst the proposals being discussed is the 'McKibbin?Wilcoxen hybrid scheme' (McKibbin and Wilcoxen, 2002, 2006, 2007). We examine the literature on this proposal. We conclude that provided long-term goals are not sacrificed, there is much to admire in the institutional arrangements suggested. Short-term permits can address concerns about employment impacts, whilst long-term permits facilitate business planning. Nevertheless, we do seriously question the theoretical framework advanced to justify the hybrid structure ? a framework that is also used in some sections of Stern (Stern, N. (2007) The Economics of Climate Change. Cambridge, UK: Cambridge University Press) and elsewhere. Short- and long-run optimal abatement theories are neither credible nor necessary. In an Australian context, we also argue that there is a strong case for supplementing credits with carbon sinks created in the agricultural sector.

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碳定价:McKibbin的生态经济学视角?威尔考森提议澳大利亚

许多国家正在考虑设计制度来解决“世界上所见过的最大的市场失灵”(Stern, N.(2007)《气候变化经济学》)。英国剑桥:剑桥大学出版社，第18页)。澳大利亚目前正在考虑引入一项碳交易计划，在正在讨论的提案中，最突出的是“麦基宾?Wilcoxen混合方案”(McKibbin and Wilcoxen, 2002,2006,2007)。我们查阅了有关这一建议的文献。我们的结论是，只要不牺牲长期目标，建议的制度安排有很多值得钦佩的地方。短期许可证可以解决对就业的影响，而长期许可证则有助于商业规划。然而，我们确实严重质疑为证明混合结构的合理性而提出的理论框架。斯特恩(Stern, N.， 2007)《气候变化经济学》的某些章节也使用了这个框架。剑桥，英国:剑桥大学出版社)和其他地方。短期和长期最优减排理论既不可信，也没有必要。在澳大利亚的背景下，我们还认为，有一个强有力的案例来补充信用与农业部门创造的碳汇。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Environment, Workplace and Employment Business, Management and Accounting-Organizational Behavior and Human Resource Management

CiteScore

0.30

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0.00%

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期刊介绍： IJEWM is a refereed reference and authoritative source of information in the field of environmental and waste management Together with its sister publications IJEP, IJETM and IJGEnvI, it provides a comprehensive coverage of environmental issues. It covers both engineering/technical and management solutions.