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ECON1040 Principles of Economics– Tutorial 10 – S1 2022

Tutorial 10, Week 12

1.  Explain what is meant by Cap and Trade policies

2.  Read the article Time's up: why Australia has to quit stalling and wean itselfoff       fossilfuels published in The Conversation in April 2022. Discuss severalfactors that explain why it is so difficult, includingfor Australia, to take action against climate      change.

Key Terms

Note that at the end of each tutorial I will identify key terms or concepts that you should be familiar with and that are examinable:

•   Abatement policies

•   Cap and trade policies

•   Discount rate