Climate Change Modelling
In 2008 the Treasury prepared the Australia's Low Pollution Future: The Economics of Climate Change Mitigation report. This report presents the results of the Treasury's economic modelling of the potential economic impacts of reducing emissions over the medium and long term. It spans global, national and sectoral scales, and looks at distributional impacts, such as the implications of emission pricing for the goods and services that households consume.
For further information, visit the Low Pollution Future website.
In 2011 the Treasury prepared a further modelling paper to inform policy design and public discussion about carbon pricing. In the Strong Growth, Low Pollution: Modelling a Carbon Price report the Treasury has modelled a range of scenarios which explore different environmental targets and design features of a carbon pricing scheme.
For further information, visit the Strong Growth, Low Pollution website.
Clean Energy Finance Corporation Expert Review
The Australian Government has established an expert review panel to advise on the design of the $10 billion Clean Energy Finance Corporation which will provide a new source of finance to renewable energy, energy efficiency and low emissions technologies.
The expert review panel will consult with key stakeholders and report to the Government by mid‑March 2012 with recommendations on the implementation of the CEFC. The recommendations of the review will inform the drafting of legislation in order to allow the CEFC to commence operations from 2013-14.
For further information visit the Clean Energy Finance Corporation Expert Review website.
The Treasury also contributed to the development of key elements in the Government's Clean Energy Future package and will assist the Government to implement measures to assist the transition of the energy sector and other industries to an emissions constrained environment.
For further information visit the Clean Energy Future website.
Environment
Treasury also provides advice on other environmental issues such as:
- rural water reform and policies, particularly in the context of the Murray-Darling Basin Plan and National Water Initiative
- issues of biodiversity and environmental protection (with particular priorities over the next 12 months of marine parks, the EPBC Act and Australia’s role in Antarctica).
Industry
Treasury provides advice on issues within the industry sector including:
- agricultural issues including environmental stewardship and protection, waste policy, biosecurity, drought policy and natural resource management issues
- supporting efficient resource allocation through advice on appropriate industry, small business, trade and regional assistance, particularly in the context of pressures associated with a “patchwork economy” and structural adjustment
- regional policies in the context of ensuring adequate regional access to services and opportunities, including in the context of the MDB Plan and the pressures associated with structural adjustment
- innovation policies to drive higher productivity and a more diverse economy
- the arts, sport and tourism sectors, including the National Cultural Policy and the implementation of Australia’s successful bid to host the Asian Cup in 2015.