Risk assessment of climate change mitigation measures. This project will consider market based mechanisms for environmental protection policies and will have both a theoretical and a practical dimension. The main benefactors of the project will be environmental regulators and policy makers working in this area.
International Trade, Climate Change and Economic Policy. The research project addresses the role of, and interactions between, environmental and international trade policies within the context of a global economy with increasingly open economies whose production and consumption activities generate emissions of greenhouse gases that accumulate in the atmosphere and have potentially adverse effects on the world’s climate, which then impacts the environment, production and households. The objective ....International Trade, Climate Change and Economic Policy. The research project addresses the role of, and interactions between, environmental and international trade policies within the context of a global economy with increasingly open economies whose production and consumption activities generate emissions of greenhouse gases that accumulate in the atmosphere and have potentially adverse effects on the world’s climate, which then impacts the environment, production and households. The objective is to develop better understanding of the nexus between the international economy, climate change through the environment, and international trade and environmental policies. It will achieve this objective by analyses of multi-country models of international trade, climate change and policy design.Read moreRead less
Financial Innovation and Sustainable Solutions for Electricity Markets. This project aims to investigate financial innovation for electricity markets that are transforming from fossil-fuel fired power generation to a higher share of renewable energy. The project will create new knowledge on impacts of the decarbonisation of power markets, utilising cutting-edge econometric models, innovative financial products and new measures for market performance and financial risk. Expected outcomes of the p ....Financial Innovation and Sustainable Solutions for Electricity Markets. This project aims to investigate financial innovation for electricity markets that are transforming from fossil-fuel fired power generation to a higher share of renewable energy. The project will create new knowledge on impacts of the decarbonisation of power markets, utilising cutting-edge econometric models, innovative financial products and new measures for market performance and financial risk. Expected outcomes of the project include recommendations for facilitating investment into renewable energy, pricing intermittent generation, guidelines for stress tests and sustainable energy policy. This will help regulators and market participants to better ensure the long-term economic sustainability and financial resilience of the sector.Read moreRead less
Economic Analysis of an Environmental Challenge: Salinity, Uncertainty and Property. The applicability of standard property-rights solutions to complex environmental issues such as salinity is examined. Water and carbon trading, as well as issues relating to agricultural land management are addressed. In particular, the use of price instruments as a potentially more attractive mechanism than standard quantity instruments for achieving desirable outcomes is examined. The project will exploit and ....Economic Analysis of an Environmental Challenge: Salinity, Uncertainty and Property. The applicability of standard property-rights solutions to complex environmental issues such as salinity is examined. Water and carbon trading, as well as issues relating to agricultural land management are addressed. In particular, the use of price instruments as a potentially more attractive mechanism than standard quantity instruments for achieving desirable outcomes is examined. The project will exploit and extend recent theoretical developments in modelling under conditions of uncertainty, and the use of price and quantity instruments in regulatory contexts.Read moreRead less
Adapting for an uncertain future: farmer behaviour in water-stressed basins. Given the future risk of water scarcity, farmers will need to plan for greater farm-level adaptation. Drought and policy reform have inflicted significant economic, social and personal stress upon Murray-Darling Basin rural communities. This project aims to aid water managers and policy makers with a greater understanding of transformational farmer adaptation in order to plan for the economic, social and health impacts ....Adapting for an uncertain future: farmer behaviour in water-stressed basins. Given the future risk of water scarcity, farmers will need to plan for greater farm-level adaptation. Drought and policy reform have inflicted significant economic, social and personal stress upon Murray-Darling Basin rural communities. This project aims to aid water managers and policy makers with a greater understanding of transformational farmer adaptation in order to plan for the economic, social and health impacts of future water scarcity from climate change and water reform-related policies. The focus will be on the Murray-Darling Basin, as well as undertaking a comparative analysis with water stressed basins in the United States.Read moreRead less
Innovation in agricultural sector Green House Gas abatement in NSW. This project aims to develop a land sector greenhouse gas abatement, food production and environmental economics model for NSW. We expect to identify innovation in carbon payment policy and brokerage business models to achieve agricultural GHG abatement, while simultaneously improving sustainability. Expected outcomes include evaluation of the innovations of expert landholders, related businesses and governments to find ways to ....Innovation in agricultural sector Green House Gas abatement in NSW. This project aims to develop a land sector greenhouse gas abatement, food production and environmental economics model for NSW. We expect to identify innovation in carbon payment policy and brokerage business models to achieve agricultural GHG abatement, while simultaneously improving sustainability. Expected outcomes include evaluation of the innovations of expert landholders, related businesses and governments to find ways to influence land use decisions. This should provide significant benefits to landholders, governments involved in land management and the public through increased productivity, profitability, biodiversity and ecosystem health in the context of future climate, agricultural commodity and carbon market uncertainties.Read moreRead less
Adaptation to carbon-tax-induced changes in energy demand in rural and regional Australia. The Clean Energy Bills will create a more sustainable environment but have a large impact on energy sectors. This project models the impact of the carbon tax and the responses of energy sectors.
An investigation of the impacts of increased power supply to the national grid by wind generators on the Australian electricity industry. The aim of this project is to discover the most economical and effective way to accommodate large increases in wind power into the national grid and to understand the effects on the national electricity market. This is crucial to ensure stability of electricity supply and affordable prices in the transition towards a low carbon economy.
Transitioning to a water-secure future in the Basin. Increased water scarcity threatens the viability of the Murray-Darling Basin. There has been little analysis conducted of the consequences of water market impediments. The economic dimensions of trade impediments, water management, water market intervention and the net social benefits of water markets are at the core of this project. In particular, this project aims to explore: the impact of impediments and policy in water markets; how further ....Transitioning to a water-secure future in the Basin. Increased water scarcity threatens the viability of the Murray-Darling Basin. There has been little analysis conducted of the consequences of water market impediments. The economic dimensions of trade impediments, water management, water market intervention and the net social benefits of water markets are at the core of this project. In particular, this project aims to explore: the impact of impediments and policy in water markets; how further water market products may increase water market efficiency; and, the nature and sources of transactions costs in markets. Benefits from this project will enhance resilience and adaptation of irrigators to future climate change and water shortages, as well as providing future policy guidance.Read moreRead less
Emissions trading and the design and operation of Australia's energy markets. Past research has applied the methods of experimental economics to focus on capacity markets, futures markets, and demand side response management options for electricity markets in the United States of America. This project will examine research priorities for Australia's energy markets. These include market impacts on investment decision-making, trade in Renewable Energy Certificates, and the consequences of carbon e ....Emissions trading and the design and operation of Australia's energy markets. Past research has applied the methods of experimental economics to focus on capacity markets, futures markets, and demand side response management options for electricity markets in the United States of America. This project will examine research priorities for Australia's energy markets. These include market impacts on investment decision-making, trade in Renewable Energy Certificates, and the consequences of carbon emissions trading for energy market outcomes. Australia's electricity markets are primarily financial markets and new policy developments present both risks and opportunities. By designing and testing markets, experiments will be used to test market performance and for unforeseen consequences of new market policies.Read moreRead less