Australia now has a $70 ‘shadow price’ on carbon emissions. Here’s why we won’t see a real price any time soon
- Written by: John Quiggin, Professor, School of Economics, The University of Queensland
Andriano/ShutterstockFor those who have followed the tortuous path of Australian climate policy over recent decades, a recent report by the Australian Energy Market Commission of a “shadow price” of A$70 a tonne of carbon dioxide equivalent elicits some painful memories.
The announcement is a reminder of what we lost in 2013 when the...
