Abstract
Within Australian climate policy, the dominant framework for determining national emission reduction targets has been ‘burden sharing’. The prevailing view, both within and outside government, has been that there should be a rough equivalence in the costs that countries bear in mitigating greenhouse gas emissions, at least where countries share similar wealth and capacity traits. This article looks at the practical problems with this approach that stem from its reliance on economic modeling. It is contended that any principled approach to target setting should strive for objectivity but that burden sharing based on projected welfare losses cannot provide this. To illustrate the fallibility of the economic projections that are done for these purposes, the article reviews how one of the greenhouse reporting sectors, known as land use, land-use change and forestry, has been dealt with in the modelling exercises that have been done in Australia for climate policy purposes.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.