Climate Regulation of the Electricity Industry: A Comparative View from Australia, Great Britain, South Korea, and the United States
South Carolina Journal of International Law and Business, Vol. 13, pp. 109-93 , 2017
University of Utah College of Law Research Paper No. 214
Sydney Law School Research Paper No. 17/41
85 Pages Posted: 24 May 2017 Last revised: 10 Jun 2017
See all articles by Lincoln L. Davies
Lincoln L. Davies
Ohio State University (OSU) - Michael E. Moritz College of Law
Penelope Crossley
The University of Sydney Law School
Peter Connor
Siwon Park
Kangwon National University - School of Law
Shelby Shaw-Hughes
University of Utah - S.J. Quinney College of Law
Climate regulation of the electricity sector is one of the most important growing — and rapidly changing — areas of law and policy today. This is both because of the critical role that electricity plays in modern society, acting as economic lifeblood, and because of electricity's part in driving climate change, accounting for more greenhouse gas (GHG) emissions globally than any other activity. This article provides an introduction to different methods of regulating climate emissions from the electricity sector. It does so through detailed, comparative accounts of climate regulation of electricity in four different jurisdictions: Australia, Great Britain, South Korea, and the United States. For each jurisdiction, the article provides a primer on the nation's electricity sector, its different policy tools for regulating GHG emissions from the sector, and the influence of those regulations in reshaping the provision of electricity in the jurisdiction. A concluding analysis section identifies key lessons learned to date about climate regulation of electricity globally.
Keywords: Climate Change, Global Warming, Greenhouse Gas (GHG), Electricity, Regulation, Renewable Energy, CO2, Renewable Portfolio Standard (RPS), Emissions Trading Scheme, Feed-In Tariff, Tendering, Auction, Clean Power Plan, Trump, Green Growth, Carbon Tax, Cap and Trade, Carbon Pollution Reduction Scheme
JEL Classification: K1, K10, K2, K20, K23, K32, Q2, Q20, Q28, Q29, Q3, Q30, Q38, Q39, Q4, Q40, Q43, Q48, Q49, Q54, N50
Davies, Lincoln L. and Crossley, Penelope and Connor, Peter and Park, Siwon and Shaw-Hughes, Shelby, Climate Regulation of the Electricity Industry: A Comparative View from Australia, Great Britain, South Korea, and the United States (May 22, 2017). South Carolina Journal of International Law and Business, Vol. 13, pp. 109-93 , 2017, University of Utah College of Law Research Paper No. 214, Sydney Law School Research Paper No. 17/41, Available at SSRN: https://ssrn.com/abstract=2972194
Lincoln L. Davies (Contact Author)
Ohio State University (OSU) - Michael E. Moritz College of Law ( email )
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The University of Sydney Law School ( email )
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University of Exeter ( email )
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Kangwon National University - School of Law ( email )
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University of Utah - S.J. Quinney College of Law ( email )
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