The paper "Climate Change Economics and Policy - Australia’ s Climate Change " is a perfect example of a micro and macroeconomic case study. Over the years, climate change has articulated a critical challenge to the global community with different nations across the world seeking long-term solutions to the problem of climate change and the greenhouse effects. In such efforts, the Australian government has adopted effective strategies that are aimed to mitigate greenhouse gas emissions and tackle the core environmental problem of climate change and global warming in its economy. For instance, the Carbon tax of 2012 and the coalition government’ s strategy of the Direct-Action plan have been proposed to the same effect of greenhouse gas mitigation within the scope of curbing climate change with its adverse effects. The aim of the paper is to assess and reviews both the 2012 carbon tax strategy and the direct-action plan of the coalition government in relation to horticulture sector especially within the corporate case of horticulture agriculture in the economy.
Based on the significance of this project, the paper will be divided into four sections to effectively compare and contrast these policies in the aim of articulating their impacts on petroleum in the Australian economy.
The first section of the paper is to describe the climate change impacts on the case of agriculture for food production within the economy. Then the paper will discuss the rationale and its theoretical foundations of these two policies on providing effective solutions to greenhouse gas emissions and climate change problem in Australia. The third section will identify various risks and possible opportunities in the petroleum sector and lastly to provide possible interventions, a recommendation with appropriate strategies to curb the effect of climate change and the greenhouse effect. Keywords: Carbon tax policy of 2012, Direct-Action plan, Greenhouse effects, horticulture, climate change and global warming. Introduction Climate change has been widely debatable topic across nations with much effort being emphasized on curbing greenhouse gas emission adverse effects and prevent further global warming (Stern 2007).
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