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Delayed Carbon Policy Certainty and Electricity Prices in Australia: A Concise Summary of Subsequent Research*.

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Title: Delayed Carbon Policy Certainty and Electricity Prices in Australia: A Concise Summary of Subsequent Research*.
Authors: Nelson, Tim1,2, Simshauser, Paul1,3, Orton, Fiona1, Kelley, Simon1
Source: Economic Papers. Mar2012, Vol. 31 Issue 1, p132-135. 4p.
Subject Terms: Carbon, Economic policy, Electricity, Prices, Economists, Climate change, Economics, Capital investments
Geographic Terms: Australia
Abstract: In this brief update on analysing the economic costs associated with carbon policy uncertainty, we outline the public policy processes commenced by the Commonwealth Government following the publication of Nelson et al. (2010). We also summarise the research completed by other economists testing the hypothesis that there are material economic costs associated with ongoing carbon policy uncertainty. Independent studies by Frontier Economics (2010), Deloitte (2011) and Sinclair Knight Merz (2011) all conclude that climate change policy uncertainty will result in sub-optimal capital investment within the electricity sector. In turn, this sub-optimal investment will manifest itself in unnecessary increases in electricity prices. [ABSTRACT FROM AUTHOR]
Copyright of Economic Papers is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Education Research Complete
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  Data: In this brief update on analysing the economic costs associated with carbon policy uncertainty, we outline the public policy processes commenced by the Commonwealth Government following the publication of Nelson et al. (2010). We also summarise the research completed by other economists testing the hypothesis that there are material economic costs associated with ongoing carbon policy uncertainty. Independent studies by Frontier Economics (2010), Deloitte (2011) and Sinclair Knight Merz (2011) all conclude that climate change policy uncertainty will result in sub-optimal capital investment within the electricity sector. In turn, this sub-optimal investment will manifest itself in unnecessary increases in electricity prices. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Economic Papers is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – Type: doi
        Value: 10.1111/j.1759-3441.2011.00161.x
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      – Code: eng
        Text: English
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      Pagination:
        PageCount: 4
        StartPage: 132
    Subjects:
      – SubjectFull: Carbon
        Type: general
      – SubjectFull: Economic policy
        Type: general
      – SubjectFull: Electricity
        Type: general
      – SubjectFull: Prices
        Type: general
      – SubjectFull: Economists
        Type: general
      – SubjectFull: Climate change
        Type: general
      – SubjectFull: Economics
        Type: general
      – SubjectFull: Capital investments
        Type: general
      – SubjectFull: Australia
        Type: general
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      – TitleFull: Delayed Carbon Policy Certainty and Electricity Prices in Australia: A Concise Summary of Subsequent Research*.
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            NameFull: Orton, Fiona
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              Text: Mar2012
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