Archived publication for 2005 in Occasional Paper
Although having decided not to ratify Kyoto, Australian Governments have undertaken a range of measures that in effect accede to its obligations. Australia has in place costly abatement measures in the form of taxes and command and control.
We spent half a century of government intervention overinvesting in power stations, over-manning all parts of gas and electricity supply and observing a dismal outcome in terms of reliability. But it is self-evident that a competitive environment...