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Climate Change Policy: The New Australian Approach

In an attempt to steer the global debate on the post-Kyoto strategy for climate policy, Australian Prime Minister John Howard recently announced that Australia will adopt an innovative permit trading system for greenhouse gases by 2012, basing his recommendation on a recent report by the Prime Ministerial Task Group on Emissions Trading. That new system puts Australia in the forefront of “cap and trade” regimes, now being proposed by several U.S. presidential candidates.

Brookings hosted a discussion on the Australian government’s recent climate change discussions and proposed policies with Warwick McKibbin and Peter Wilcoxen, whose climate change blueprint shaped the task force recommendations. Lael Brainard, vice president and director of Global Economy and Development, introduced and moderated.



Lael Brainard

Member - Board of Governors of the Federal Reserve System


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