The Effect of the Carbon Tax and the Emission Reduction Fund on Government Salience
Many developed countries have committed to targets to reduce their carbon emissions under international agreements. However, a recent 2021 study found that only one country, The Gambia, is on track to meeting its Paris targets. A key mechanism for achieving these national targets is the government....
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Wollongong
2023-06-01
|
| Series: | Australasian Accounting, Business and Finance Journal |
| Subjects: | |
| Online Access: | https://ro.uow.edu.au/aabfj/vol17/iss3/6/ |
| _version_ | 1797797779502792704 |
|---|---|
| author | Kirsty M. Dunbar Monte Wynder Peter Baxter |
| author_facet | Kirsty M. Dunbar Monte Wynder Peter Baxter |
| author_sort | Kirsty M. Dunbar |
| collection | DOAJ |
| description | Many developed countries have committed to targets to reduce their carbon emissions under international agreements. However, a recent 2021 study found that only one country, The Gambia, is on track to meeting its Paris targets. A key mechanism for achieving these national targets is the government. Therefore, the failure of most countries to meet their targets highlights the importance of evaluating the major policy alternatives. Australia instituted a carbon pricing scheme in 2012 that was repealed in 2014 and subsequently replaced with an emissions reduction fund in 2015. This provides a unique opportunity to study the effects of these two major alternative government policies on government salience. This study applies stakeholder theory and finds that the power and urgency of both policies was weakened by uncertainty, an often-neglected factor affecting stakeholder salience. Furthermore, we note that an evaluation of government salience must also consider firm and industry differences and the effect of positively versus negatively framed interventions. |
| first_indexed | 2024-03-13T03:53:31Z |
| format | Article |
| id | doaj.art-12fa72b3c5ec4feab34c96ab9c48d0c6 |
| institution | Directory Open Access Journal |
| issn | 1834-2000 1834-2019 |
| language | English |
| last_indexed | 2024-03-13T03:53:31Z |
| publishDate | 2023-06-01 |
| publisher | University of Wollongong |
| record_format | Article |
| series | Australasian Accounting, Business and Finance Journal |
| spelling | doaj.art-12fa72b3c5ec4feab34c96ab9c48d0c62023-06-22T08:44:43ZengUniversity of WollongongAustralasian Accounting, Business and Finance Journal1834-20001834-20192023-06-0117381105http://dx.doi.org/10.14453/aabfj.v17i3.06The Effect of the Carbon Tax and the Emission Reduction Fund on Government SalienceKirsty M. Dunbar0Monte Wynder1Peter Baxter2The University of Queensland, AustraliaUniversity of the Sunshine Coast, AustraliaUniversity of the Sunshine Coast, AustraliaMany developed countries have committed to targets to reduce their carbon emissions under international agreements. However, a recent 2021 study found that only one country, The Gambia, is on track to meeting its Paris targets. A key mechanism for achieving these national targets is the government. Therefore, the failure of most countries to meet their targets highlights the importance of evaluating the major policy alternatives. Australia instituted a carbon pricing scheme in 2012 that was repealed in 2014 and subsequently replaced with an emissions reduction fund in 2015. This provides a unique opportunity to study the effects of these two major alternative government policies on government salience. This study applies stakeholder theory and finds that the power and urgency of both policies was weakened by uncertainty, an often-neglected factor affecting stakeholder salience. Furthermore, we note that an evaluation of government salience must also consider firm and industry differences and the effect of positively versus negatively framed interventions.https://ro.uow.edu.au/aabfj/vol17/iss3/6/carbon emmissionsclimate changemitigationclimate change mitigationstakeholder theorystakeholder salience |
| spellingShingle | Kirsty M. Dunbar Monte Wynder Peter Baxter The Effect of the Carbon Tax and the Emission Reduction Fund on Government Salience Australasian Accounting, Business and Finance Journal carbon emmissions climate change mitigation climate change mitigation stakeholder theory stakeholder salience |
| title | The Effect of the Carbon Tax and the Emission Reduction Fund on Government Salience |
| title_full | The Effect of the Carbon Tax and the Emission Reduction Fund on Government Salience |
| title_fullStr | The Effect of the Carbon Tax and the Emission Reduction Fund on Government Salience |
| title_full_unstemmed | The Effect of the Carbon Tax and the Emission Reduction Fund on Government Salience |
| title_short | The Effect of the Carbon Tax and the Emission Reduction Fund on Government Salience |
| title_sort | effect of the carbon tax and the emission reduction fund on government salience |
| topic | carbon emmissions climate change mitigation climate change mitigation stakeholder theory stakeholder salience |
| url | https://ro.uow.edu.au/aabfj/vol17/iss3/6/ |
| work_keys_str_mv | AT kirstymdunbar theeffectofthecarbontaxandtheemissionreductionfundongovernmentsalience AT montewynder theeffectofthecarbontaxandtheemissionreductionfundongovernmentsalience AT peterbaxter theeffectofthecarbontaxandtheemissionreductionfundongovernmentsalience AT kirstymdunbar effectofthecarbontaxandtheemissionreductionfundongovernmentsalience AT montewynder effectofthecarbontaxandtheemissionreductionfundongovernmentsalience AT peterbaxter effectofthecarbontaxandtheemissionreductionfundongovernmentsalience |