Subsidies of the Australian Clean Energy Package
Journal of Law and Financial Management, Vol. 12, No. 2, November 2013
26 Pages Posted: 15 Nov 2013
Date Written: November 15, 2013
Abstract
The Australian Clean Energy Package has been introduced to respond to the global challenge of climate change and reduce Australia’s greenhouse gas emissions. It includes legislation to establish an emissions trading scheme. In support of the entities that are liable under this Package, there are a number of assistance measures offered to alleviate the financial burden that the Package imposes. This paper considers whether these assistance measures are subsidies within the context of the law of the World Trade Organization. In order to do this, the rules of the Agreement on Subsidies and Countervailing Measures are examined. This examination enables an understanding of when a subsidy exists and in what circumstances those subsidies occasion the use of remedies under the law.
Keywords: finance, law
JEL Classification: M40, M41
Suggested Citation: Suggested Citation