Governments’ carbon tax progress 'slow and piecemeal': OECD.

Carbon taxes are effective at cutting emissions but are not being set high enough to benefit the environment, a recent Organisation for Economic Cooperation and Development (OECD) report has found.

The OECD has called for more effective carbon taxes and emission pricing schemes.

The report examined specific taxes on energy use from 2012 to 2015 across 42 OECD countries and six sectors, which represented about 80 per cent of global energy use and carbon emissions. It found current taxation schemes were ineffective.

Read the story in today’s Age by Cole Latimer - “Governments’ carbon tax progress 'slow and piecemeal': OECD.”

The NEG a carbon price by any other name

Assuming the effective design and implementation of a final policy framework, the government’s announced National Energy Guarantee (NEG) provides an alternate approach to maintain reliability in the NEM, and contribute to Australia’s emissions reduction commitment under the Paris Agreement.

Below we outline our initial analyst response and implications for energy and carbon market dynamics.

Read the RenewEconomy story by the executive director energy and carbon markets at RepuTex Advisory, Hugh Grossman - “The NEG a carbon price by any other name.”