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Assessment Task Due Date % SILOs Assessed Final Project – no more than 2000 words 7 June XXXXXXXXXXSILO 1, 2, 3 & 4 Submission Details Submit via Turnitin (LMS Drop) Box Grading Criteria and Feedback...

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Assessment Task Due Date % SILOs Assessed Final Project – no more than 2000 words 7 June XXXXXXXXXXSILO 1, 2, 3 & 4 Submission Details Submit via Turnitin (LMS Drop) Box Grading Criteria and Feedback See Detailed Grading Criteria below (p XXXXXXXXXXThe project is graded in Turnitin using the rubric below. Feedback is provided online in Turnitin in the form of the grade; the rubric; any in text comments and general comments. Note that as this in the final assessment for the subject, feedback on the final project will not be available until the release of final marks. Description of Task The Australian Government introduced a Carbon Tax in 2012 to mitigate greenhouse gas emissions and to tackle the serious environmental problem of climate change. The Coalition Government introduced a Direct Action Plan to replace the Carbon Tax and to achieve the same goal of greenhouse gas mitigation. Compare and contrast these two policies and evaluate the likely impacts of both policies on your selected corporate case or a sector by applying the knowledge gained from the course. In your response, as a minimum, you should: 1) Describe the predicted climate change impacts on your chosen case or sector. 2) Discuss the rationale and the theoretical underpinnings of a carbon tax and compare it with the Direct Action Plan. 3) Identify various risks and opportunities for the chosen sector or firm in a carbon constrained world. 4) Outline appropriate adaptation strategies. The case/sector selection is critical to this task. Seek advice if in doubt. Listed below are some examples. You are free to choose other corporate cases or sectors apart from what is listed below: Examples of Sectors Examples of Corporate cases Urban Water Renewable Energy Non-renewable energy Food manufacturing Transport Mining Forestry Building construction Banking Local government Healthcare Horticulture Alpine tourism An urban water authority A solar energy retailer An electricity retailer, a petroleum refiner, distributor, retailer A food manufacturing firm A logistics firm A mining firm A plantation firm A construction firm A commercial bank A shire or council A healthcare provider A horticultural firm/winery An Alpine ski resort Formatting the Project Report  The final document should be submitted via the Turnitin link (LMS) as a double-spaced Microsoft Word document with a Title page indicating the title of the project, your name and student ID number.  Students must use the Harvard referencing style for both in-text and at the end of the document reference list.  You are strongly encouraged to embed online media (hyper-links to specific websites, videos and podcasts) in order to comply with the word limit restriction. It makes sense to provide more analysis and present descriptive contents using external web links or hyper-texts. If there are any issues about the project you should seek early advice from the Subject Coordinator before commencing your work. The task requires a substantial research effort on the chosen case and using and reviewing material outside the reading list
Answered Same Day May 25, 2020 ECO3CCE La Trobe University

Solution

Soma answered on Jun 06 2020
143 Votes
2
Title of the project: Impact of climate change policy on Mining Sector of Australia
Name:
Student ID number:
I. Australia’s climate change policy: an overview
Like other countries, Australia has implemented a wide range of measures over the years aiming to reduce the greenhouse gas emissions. Ince late 1980s, Climate change policies has introduced at all levels of governments. Ca
on tax was introduced by former Gillard government in 2012 but after a long political debate ca
on tax was repealed by Tony A
ott government in the year 2014. A
ott government has repealed the ca
on tax and replaced with Direct Action Plan to address the climate change issue. The government has abolished the ca
on tax with the view that it would reduce the input cost and the lower cost will flow from business to consumers in terms of low energy cost and cheaper household items. Ca
on tax, that put a price on greenhouse gas emissions, was introduced to penalize the large emitters of Australia. But A
ott government strongly advocated that ca
on tax is destructed many jobs and raise the cost of living for Australian families but did not actually help the environment. Australia is the developed nation that makes such a U turn in climate change policy.
II. Objective of the study:
The key aim of this paper is to analyse the effects of climate change on Australia’s mining sector. The study examines how mining sector of Australia has been affected by repealing the ca
on tax and introduction of Direct Action Plan. The cu
ent study further gains a deep insight on the risks as well as the opportunities for the mining sector under the new climate change policy.
III. Ca
on tax vs Direct Action Plan:
Ca
on tax policy or ca
on pricing mechanism has come into force on July 1, 2012. It was first fixed at the price of AUD$23 per tonne, the permits could be bought from the government at this price. This climate change policy, known as “A Clean Energy Future” was introduced in 2011 with the objective to promote the investment on renewable energy, create vast opportunities for Australia’s agricultural sector. encourage an overall energy efficiency. Following a change in the government, Ca
on tax was repealed on July 17, 2014. New government has come up with new policy, Direct Action Plan which is intended to meet the target of 5% reduction by the year 2020. Direct action plan is a climate change policy aiming to reduce the ca
on emission and improve the environment based on direct action. New government has launched Emission Reduction Fund (ERF), the key tool to achieve the 2020 ca
on emission target. ERF is comprised of three primary elements: crediting, purchasing and safeguarding emission reductions. Safe guard mechanism limits the green- house gas emissions baseline for the large facilities with emissions over 100,000t CO2 per year. Australian government has also commenced a range of measures that would intend to reduce the emission in post 2020 period. (IETA, 2016 )
The business sectors across Australia has shown a mixed reaction in its new climate change policy as a move towards Direct Action plan rom ca
on tax. Some of the crucial sectors like mining has wholeheartedly welcome the move while for some others reactions are found to be negative. According to Kate Carnel, CEO of Australian Chamber of Commerce and Industry stated tat ca
on tax was nothing but a deadweight to the economy and abolishing the tax is a win for the consumers, business and also win for the energy users.
IV. Predicted climate change impacts on mining sector:
Climate change is a serious global threat- the potential impacts are very much different than other environmental problems. Climate change affects all the industries in varying magnitude and mining sector is of no exception. Climate change is unlikely to have a major direct impact because for mining regulations and managements strategies are already in place. Lack of water may have some potential impact on some mining projects but most mining projects do not need the potable water. In some mines, they have already installed desalination units as they need high quality water. Some...
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