An article by the School’s Professor Iain Fraser and co-authors Harry Clarke and Robert George Waschik, has been selected as the winner of the Economic Papers Best Paper Prize for 2014.
The paper titled ‘How Much Abatement Will Australia’s Emissions Reduction Fund Buy?’ was officially announced as the winner at the 2015 Australian Conference of Economists in Brisbane in July.
The economic implications for Australia for replacing its carbon tax policy with an Emissions Reduction Fund (ERF) scheme are examined. A computable general equilibrium model is used to show that the budget allocated for the ERF provides about 50 per cent of that required to meet Australia’s greenhouse gas abatement commitments.
The full article can be viewed on the Wiley website at http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1759-3441