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The Times

Australia now has a $70 ‘shadow price’ on carbon emissions. Here’s why we won’t see a real price any time soon

  • Written by John Quiggin, Professor, School of Economics, The University of Queensland
Australia now has a $70 ‘shadow price’ on carbon emissions. Here’s why we won’t see a real price any time soonAndriano/Shutterstock

For those who have followed the tortuous path of Australian climate policy over recent decades, a recent report by the Australian Energy Market Commission of a “shadow price” of A$70 a tonne of carbon dioxide equivalent elicits some painful memories.

The announcement is a reminder of what we lost in 2013 when the...

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