1 February 2018
Australia is seeking to design a ‘reliability mechanism’ as part of the National Energy Guarantee. This Working Paper provides suggestions on how to design the mechanism and how it might work. On balance, we support a well-designed retailer obligation that utilises commercial market drivers. But we recognise there are risks in this approach. Policy makers will need to consult widely to ensure the new mechanism achieves the right balance between higher reliability and lower costs.
25 September 2016
Soaring wholesale electricity prices in South Australia in July warn of Australia’s failure to combine climate change and energy policies. To ensure that power is reliable, affordable and sustainable, it’s time to heed the lesson.
14 June 2016
Australia faces many domestic policy challenges as the election looms. Yet a survey of seven years of Grattan Institute reports and policy proposals shows that a government prepared to forcefully articulate the public interest could win public support for a brave and powerful reform agenda.
10 April 2016
After a decade of toxic political debate, there is an opportunity to forge a stable and compelling policy on climate change that both major parties can support.
15 December 2015
An economy-wide, market-based scheme is the best way to reduce Australia’s greenhouse gas emissions – it’s also politically difficult. Six criteria should guide the design of an alternative policy framework.
15 July 2012
The carbon price is a vital step in creating a low-emissions future for Australia, but it needs further support. Grattan’s report proposes an innovative and practical solution to an extremely difficult problem.
6 February 2012
The carbon pricing scheme alone is not enough to effect the change Australia needs. The report assesses the main low-emissions electricity options, and suggests ways to address an acute intellectual and policy challenge.
30 August 2011
The Government’s unduly generous assistance to industry under its carbon emissions package may create a new protectionism. The whole community will pay for unjustified subsidies to the LNG and coal industries.
7 April 2011
An analysis of more than 300 government programs to tackle climate change since 1997 demonstrates clearly what works and what does not in reducing carbon emissions. What reduces emissions most effectively and cheaply is the creation of a market.
15 December 2010
Technology innovation driven by markets is the key to reducing carbon emissions. Experience shows that markets may not be perfect, but they are consistently effective at identifying lower cost opportunities, promoting innovation, and responding flexibly to changes.