Australian energy reform plan faces roadblocks

2018 ◽  
Keyword(s):  
Climate Change ◽  
Carbon Tax ◽  
Public Support ◽  
Content Type ◽  
Climate Change Policies ◽  
Consumer Prices ◽  
Reform Plan ◽  
The Government ◽  
Supplier Networks ◽  
Energy Reform

Subject Australian energy reform plans. Significance The government plans to offer discounted loans for power generation to ensure more reliable supplies and has not ruled out including coal-fuelled plants, after it released a new draft strategy for discussion on October 23. The main objective is reducing consumer prices. Impacts Efforts to break up wholesale supplier networks could lead to over-regulation and discourage new entrants. If it fails to respond to public support for climate change policies, Canberra risks alienating voters and business lobbies. If Labor forms a government, it could push for emission controls and a revived carbon tax.

Indonesia will struggle to attain climate goals

2021 ◽  
Keyword(s):  
Climate Change ◽  
Power Plants ◽  
Oil And Gas ◽  
Carbon Tax ◽  
Content Type ◽  
Dominant Source ◽  
Net Zero ◽  
The Government ◽  
Oil And Gas Firms

Significance In July, it expressed optimism about achieving net-zero emissions by “2060 or sooner”. This will require a phasing out of coal-fired power plants, currently the dominant source of energy in the country. Impacts Jakarta may include its 2060 target explicitly in future updates of its Nationally Determined Contribution to action against climate change. Indonesian oil and gas firms will step up opposition to the government’s plans to introduce a carbon tax. The government will redouble commitment to reforestation efforts.

scholarly journals Empirical Research of Public Acceptance on Environmental Tax: A Systematic Literature Review

Environments ◽  
2021 ◽  
Vol 8 (10) ◽  
pp. 109
Author(s):  
Izlawanie Muhammad ◽  
Norfakhirah Nazihah Mohd Hasnu ◽  
Paul Ekins
Keyword(s):  
Climate Change ◽  
Carbon Tax ◽  
Empirical Studies ◽  
Public Support ◽  
Public Acceptance ◽  
Future Research ◽  
Environmental Tax ◽  
Policy Makers ◽  
Climate Change Issue ◽  
The Government

Several international organizations such as the Organization for Economic Co-operation and Development (OECD), United Nations (UN), and World Bank recommend that policymakers implement an environmental tax to reduce climate change, protect the environment and gain more income for governments. Effectiveness of the policy depends on a carefully designed framework, which essentially adopts the social and economic contextual of a country and public support. Researchers have been focusing on examining the factors that influence public acceptance of an environmental tax. This paper aims to systematically review the empirical studies using the RepOrting Standards for Systematic Evidence Syntheses (ROSES) protocol. The information is relevant for policy makers in designing a feasible and acceptable carbon tax policy. Furthermore, the paper provides suggestions for future research. Related articles were selected using two leading databases, namely Scopus and Science Direct, and one supporting database, namely Google Scholar. Thematic analysis was conducted on 60 articles and four main themes were derived with 32 subthemes. The analysis indicates that people are more supportive when they (i) are well informed about a policy’s effectiveness and the policy content, particularly the use of revenue, (ii) have high trust in the government, (iii) have a positive attitude toward protecting the environment, (iv) perceive the policy is fair in terms of costs distribution and social sharing, and (v) are concerned about the climate change issue.

Impact of stakeholder pressure on the adoption of carbon management strategies

2020 ◽  
Vol 11 (7) ◽  
pp. 1189-1212
Author(s):  
Somaiya Yunus ◽  
Evangeline O. Elijido-Ten ◽  
Subhash Abhayawansa
Keyword(s):  
Climate Change ◽  
Voluntary Disclosure ◽  
Carbon Tax ◽  
Management Strategies ◽  
Annual Reports ◽  
Content Type ◽  
Carbon Management ◽  
Thomson Reuters ◽  
Innovation Strategies ◽  
The Government

Purpose This paper aims to examine whether the perceived pressures from stakeholders with high potential to cooperate and/or threaten the firm’s survival affect the decision to adopt carbon management strategies (CMSs). Design/methodology/approach A logistic panel regression model is estimated using longitudinal data from Australia’s Top-200 listed firms over seven years from 2009 to 2015. The authors test the firm’s propensity to adopt CMSs conditioned on the influence of four groups of stakeholders: the regulators, institutional investors, media and creditors. Data on CMSs adopted by firms are sourced from Thomson Reuters ASSET4 database, the Carbon Disclosure Project survey, annual reports, company websites and sustainability reports. Findings The authors show that stakeholder pressures are associated not only with the adoption or non-adoption of CMSs but also with the type of CMSs adopted. Three types of CMSs are identified, namely, compensation, reduction and innovation strategies. The findings reveal that CMS adoption and the firms’ propensity to adopt compensation and reduction strategies are significantly related to perceived pressures from the regulators, media and creditors. While pressure from the regulators is also associated with the firms’ propensity to adopt innovation strategies, a more advanced type of CMSs, the potential pressure from the media and creditors are not significantly related. Practical implications The findings imply that a firm’s adoption of CMSs is not merely about managing stakeholders in the regulatory sphere but also about taking into account the perceived pressures from non-regulatory stakeholders and the context-dependent nature of their influences. The authors show that by influencing the voluntary disclosure of carbon emissions, the government continues to be effective in encouraging firms to take action on climate change despite the abolition of the carbon tax in Australia. Social implications This study highlights that, apart from a heavy-handed approach, regulators can adopt softer forms of regulation such as the National Greenhouse and Energy Reporting (NGER) Act and a less invasive, stakeholder-driven approach to encourage firms to adopt CMSs and thereby work towards climate change mitigation. Originality/value This study extends the literature by showing that perceived pressure from some stakeholders found to be influential in relation to some corporate decisions (such as environmental strategy adoption and climate-change-related disclosure) may not necessarily be influential in relation to CMS adoption.

Energy reform will hit investor confidence in Mexico

2021 ◽  
Keyword(s):  
United States ◽  
International Trade ◽  
Trade Agreements ◽  
The United States ◽  
Energy Prices ◽  
Content Type ◽  
Investor Confidence ◽  
International Trade Agreements ◽  
The Government ◽  
Energy Reform

Significance The government will appeal the rulings, which follow action by renewables firms. With constitutional battles over energy investments already unfolding, the future of Mexico’s energy framework has been thrown into turmoil. Impacts Increasing energy prices will probably push inflation above Banxico’s upper target limit of 4%. AMLO’s apparent disregard for international trade agreements will strain relations with the United States. AMLO’s pro-austerity fiscal stance could take a toll on his popularity.

Oil will drive record Guyana growth again in 2022

2021 ◽  
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
National Development ◽  
Oil Industry ◽  
Medium Term ◽  
Content Type ◽  
Development Plans ◽  
The Government ◽  
Wage Increases ◽  
Oil And Gas Sector

Significance As in 2020 and 2021, this projected growth will be driven by the ongoing expansion of the oil and gas sector, and related investment and state revenues. These rising revenues will support the government’s ambitious national development plans, which include both increased social and infrastructure spending. Impacts The government will prioritise enhancing the oil and gas investment framework. Investment into joint oil and gas infrastructure with Suriname will benefit the growing oil industry in both countries. The expansionary fiscal policy may lead to a rise in inflation, leading to further calls for wage increases. In the medium term, strong growth in the oil and gas sector could lead to increased climate change activism in the country.

Guatemala’s economy on the way to recovery

2021 ◽  
Keyword(s):  
Climate Change ◽  
Latin America ◽  
Violent Crime ◽  
Business Environment ◽  
Policy Support ◽  
Content Type ◽  
Containment Measures ◽  
The Government ◽  
The Way

Significance National GDP nevertheless contracted by just 1.5% in 2020 -- less than almost any other country in Latin America. Resilient remittances and exports, coupled with unprecedented policy support, have mitigated the effects of the pandemic and subsequent containment measures, leaving the country better placed for recovery than its neighbours. Impacts Enduring poverty, inequality and violent crime, and the impacts of accelerating climate change, will drive further migration from Guatemala. The government will pursue banking law reforms, to reduce risks to financial activities in the post-pandemic business environment. Infighting and corruption scandals will hinder the opposition's ability to benefit from the decline of the president's popularity.

Traditional Kiribati beliefs about environmental issues and its impacts on rural and urban communities

2019 ◽  
Vol 28 (1) ◽  
pp. 25-32 ◽  
Author(s):  
Ruiti Aretaake
Keyword(s):  
Climate Change ◽  
Urban Communities ◽  
Traditional Knowledge ◽  
Global Network ◽  
Content Type ◽  
Documentary Sources ◽  
Rural And Urban ◽  
Cultural Compatibility ◽  
New Ideas ◽  
The Government

Purpose The purpose of this paper is to report how the encouragement of collaboration between local stakeholders, communities and the government helps slow the great impact of disaster risks and the impacts of climate change on livelihoods and lives. It also describes how promoting the acceptance and contributions of traditional knowledge in this effort owing to their accessibility and affordability and their cultural compatibility with the community contributes to addressing the challenges in Kiribati faces. Design/methodology/approach Drawing on government and NGO reports, as well as other documentary sources, this paper examines the nature of current efforts and the state of community practices in Kiribati. Findings Disaster risks and climate change are currently destroying all facets of I-Kiribati life. It is, therefore, imperative that a holistic form of partnership bringing together both state and non-state actors and that through this community awareness be implemented within the Kiribati policies and community development programs to improve dissemination of prevention and risk reduction programs, while maintaining the cultural infrastructure. Social implications Access to modern technologies and factors which inhibit local utilization of natural resources as well as traditional Kiribati beliefs about environment issues and impacts on people illustrate the potential and difficulties of convergence of new ideas with traditional knowledge. Originality/value The Kiribati “Frontline” project is an activity which has been led by the Foundation for the Peoples of the South Pacific Kiribati, both stimulated and in part subsidized by the Global Network for Disaster Reduction that provided financial support to work with rural and urban communities on mitigating disaster risks and climate change issues.

scholarly journals Sontaku and political scandals in Japan

2020 ◽  
Vol 23 (1) ◽  
pp. 33-45
Author(s):  
Matthew M. Carlson
Keyword(s):  
Design Methodology ◽  
Public Support ◽  
Special Treatment ◽  
Policy Makers ◽  
Content Type ◽  
The Public ◽  
Japanese Politics ◽  
The Government ◽  
Political Scandals ◽  
Specific Construction

PurposeThe purpose of this paper is to explain a new scandal ingredient in Japanese politics called sontaku. This word refers to cases when officials grant special treatment to a project because they believe they are acting in accordance with the wishes of an associated powerful person.Design/methodology/approachThis paper describes the specific construction of major scandals involving sontaku from 2017 based primarily on newspaper accounts, examines the consequences of these scandals for politicians and bureaucrats, and discusses their implications for combating corruption in Japan.FindingsThe scandals after 2017 damaged to some extent the public support for the current Japanese administration and influenced the prime minister's decision to call a snap election. The scandals also highlighted systematic problems in the bureaucracy and motivated the government to reform laws concerning the management of public documents.Originality/valueThis paper will be useful to scholars and policy makers interested in studying the causes and consequences of scandals and political corruption in Japan.

Kuwait's politics will stall economic reforms

2016 ◽  
Keyword(s):  
Extended Period ◽  
Economic Reforms ◽  
Small Population ◽  
Fiscal Sustainability ◽  
Content Type ◽  
Reform Plan ◽  
Capital Spending ◽  
The Government ◽  
International Assets

Significance With huge financial reserves, low public debt and a small population, Kuwait is one of the Gulf Cooperation Council (GCC) states best equipped to ride out an extended period of low oil prices. However, with the country registering its first budget deficit in 16 years, concerns about Kuwait's long-term fiscal sustainability have become more pressing, and the government has introduced a reform plan aimed at restructuring the economy. Impacts The government will step up capital spending, launching as many projects as possible before the 2017 election. The private sector is likely to face increased financial costs, eg, corporate taxes, higher utilities charges and employment of nationals. Kuwait will become further integrated into the international bond market, and rely more on its international assets as a source of income. Political tensions could rise ahead of the 2017 poll if the government takes more measures to reduce opposition electoral prospects. Kuwait will lag behind other GCC states in its progress on economic reforms.

Mongolia mine move raises nationalisation fears

2017 ◽  
Keyword(s):  
Prime Minister ◽  
Public Support ◽  
The State ◽  
Russian Government ◽  
Mining Company ◽  
Foreign Investors ◽  
Content Type ◽  
Parliamentary Elections ◽  
Main Obstacle ◽  
The Government

Subject The sale of the Erdenet mine. Significance The day before parliamentary elections in June last year, Prime Minister Saikhanbileg Chimed announced the sale of 49% of shares held by the Russian government in the Erdenet Mining Corporation and the Mongolrostsvetmet mining company to Mongolia Copper Corporation, an unknown private Mongolian company. Subsequent parliamentary inquiry concluded that the sale was unconstitutional and the government ordered the shares transferred to the state on February 16 this year. The government’s actions received wide public support while polls reveal that the electorate views corruption as the main obstacle to Mongolia’s development Impacts Talk of 'nationalisation' in the Western media threatens to derail Mongolia's efforts to fix its image and attract foreign investors. The unusual circumstances of the sale raise suspicions of corruption and collusion between Mongolia's previous government and largest bank. The new government's will to scrutinise sale demonstrates the strength of Mongolia’s democracy.

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