Sensitive Intervention Points for Australia's Transition to Net‐Zero Emissions

Abstract Australia is not on track to meet its obligations under the Paris Accord. How can action to achieve net zero be accelerated? Here, we apply the concept of ‘sensitive intervention points’ and consider six potential interventions that could have a disproportionate impact on Australia's progress: (i) a national plan to clarify direction; (ii) a national net‐zero authority to coordinate efforts; (iii) support for a set of nationally significant projects in particular places; (iv) an industrial policy response akin to the US IRA; (v) a standard for the construction industry; and (vi) a requirement that companies develop net‐zero plans. Individually and collectively, we argue that they could plausibly accelerate Australia's trajectory to net‐zero emissions .

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Publication Details

Journal
Australian Economic Review
Published
2024-11-19
DOI
https://doi.org/10.1111/1467-8462.12580
Citations
1
Primary Topic
Climate Change Policy and Economics
Type
article
Field-Weighted Citation Impact
1.13
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article

Sensitive Intervention Points for Australia's Transition to Net‐Zero Emissions

Penny Mealy, Anna Skarbek, Cameron Hepburn, Kimathi Muiruri
1 citations
Australian Economic Review
Climate Change Policy and Economics
1.13
article

Sensitive Intervention Points for Australia's Transition to Net‐Zero Emissions

Penny Mealy, Anna Skarbek, Cameron Hepburn, Kimathi Muiruri
article en
1 citations

Abstract

Abstract Australia is not on track to meet its obligations under the Paris Accord. How can action to achieve net zero be accelerated? Here, we apply the concept of ‘sensitive intervention points’ and consider six potential interventions that could have a disproportionate impact on Australia's progress: (i) a national plan to clarify direction; (ii) a national net‐zero authority to coordinate efforts; (iii) support for a set of nationally significant projects in particular places; (iv) an industrial policy response akin to the US IRA; (v) a standard for the construction industry; and (vi) a requirement that companies develop net‐zero plans. Individually and collectively, we argue that they could plausibly accelerate Australia's trajectory to net‐zero emissions .

Australian Economic ReviewVol. 57(4)
Santa Fe Institute (US), University of Oxford (GB), Sustainable Development Institute (US), New College (GB), Monash University (AU)
Industry, innovation and infrastructure
Openalex Percentile: Top 11%
Climate Change Policy and Economics
1.13
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Sensitive Intervention Points for Australia's Transition to Net‐Zero Emissions — Penny Mealy, Anna Skarbek, et al. · Australian Economic Review (2024) | TGRS Research Map | TGRS