How the price on carbon works in under 2 minutes.

Climate Change Australia is devoted to the discussion and analysis of issues surrounding climate change. Topics discussed in the blog include the science involved in global warming, international agreements to reduce emissions, the economic rationale for various reduction mechanisms and perhaps most importantly, what you can do in your everyday life to make a difference. Run by a young economist with a special interest in sustainability and the environment, this site aims to help readers make decisions now which will have a positive effect on the health of the planet in the future.

Power Shift is Australia’s first national youth climate summit. Join with thousands of other young people who are coming together to stand up against climate change and repower our future.
http://www.youtube.com/watch?v=5iSVQIOo5×0
Speakers includie Tim Flannery (Australian of the Year 2007), Simon Sheik (Executive Director of GetUp), Larissa Brown (Young Environmentalist of the Year 2007) and more!
Power Shift [...]

The externality associated with the non-rival and non-excludable costs of the release of carbon dioxide into the atmosphere is inherently difficult to internalise. Emissions trading has emerged as a popular method of achieving socially optimal emissions reduction. The following analysis discusses the flaws in emissions trading – particularly in light of its use in the European Union – and puts forward suggestions regarding policy initiatives that may help overcome these problems.

The recent use of emissions trading has created a Coasian market for ‘polluting property rights’, which has allowed for increased information sharing, preference revelation and signalling compared with approaches based on strict government intervention (DEFRA, 2003). The so called ‘cap and trade’ system has been used to limit total greenhouse gas emissions and grant allowances to companies giving them the right to pollute. Firms wishing to exceed their allowance must purchase credits from those polluting below their allocation or face heavy penalties.

Both emissions trading and conventional Pigovian taxation provide incentives for individuals and firms to reduce their greenhouse gas emissions to a socially optimal level. Pigovian taxes involve the government increasing the cost per unit of ‘carbon inputs’ while the market determines the efficient quantity. By contrast, ‘cap and trade’ emissions trading schemes involve a government set quantity with a market determined price of carbon based on the reallocation of polluting permits (Gittins, 2007). Controlling either variable theoretically yields the same emissions reduction; however the advantage of emissions trading is that polluting rights are allocated through a market to those who can make the most efficient use of them. Companies that can affordably reduce their emissions will do so in order to sell their credits while firms that generate the highest valued output per unit of input will choose to buy polluting rights (DEFRA, 2003).

Entries and nominations are now invited for the Young Leaders in Environmental Issues and Climate Change prize, one of 20 prizes on offer in this year’s competition and one of only two in the category of Science Leadership!
Sponsored by the British Council, the Eureka Prize for Young Leaders in Environmental Issues and Climate Change is [...]

The following list consists of photos I have gathered from around the internet, the subject matter of which relates to climate change, its causes and its effects.   If you find these photos interesting, please bookmark this site as I will make similar posts in the future.
Perito Moreno Glacier, Argentina
The Perito Moreno Glacier is one of the most important tourist attractions in the Argentine [...]

On March 29 at 8 pm cities around the world will plunge themselves into darkness as a gesture in the fight against global warming. At a similar event in 2007, Sydney residents and businesses demonstrated their concern about global warming by switching their lights off for one hour. The Earth Hour campaign [...]