word limit: 2000 words Real-world scenario: The Australian Government introduced a Carbon Tax in 2012 to mitigate greenhouse gas emissions and to tackle the serious environmental problem of climate c

Compare and contrast these two policies and evaluate the likely impacts of both policies on your selected corporate case or a sector by applying the knowledge gained from the course. Project (Final) In your response, as a minimum , you should: 1. Describe the predicted climate change impacts on your chosen case or sector. 2. Discuss the rationale and the theoretical underpinnings of a carbon tax and compare it with the Direct Action Plan. 3. Identify various risks and opportunities for the chosen sector or firm in a carbon constrained world . 4. Outline appropriate adaptation strategies. Project (Final)  Have you decided on a corporate case/ sector?  Is there anything you don’t understand in the project criteria? Grading criteria  Application of theories  Not detailed descriptions of theories but application  E.g. Frame the climate change problem as an externality – Explain why it is an externality and the type of externality? Critical discussion and evaluation  What needs to be discussed:

 Predicted climate change impacts on your corporate case/sector  Based on your research, you should provide a brief discussion on impacts  Do not provide general information on climate impacts  A common mistake: CC impacts on your firm or your firm’s impacts on the climate? Critical discussion and evaluation  Impacts of climate change policy  Rationale of carbon pricing (e.g. Carbon tax)  Arguments for direct government intervention (ERF)  A brief policy comparison between the tax and Direct Action Plan Critical discussion and evaluation  Policy impacts on your case/sector  Liability under the carbon tax policy?  Has it sold emission reductions under direct action (ERF)?

Where do I find this information?  Any indirect impacts? Critical discussion and evaluation  Risks and opportunities  Identify risks from physical impacts  Identify business risks and opportunities arising from the policy settings  Do you have an example(s)? Critical discussion and evaluation  Adaptation strategies  Identify potential adaptation options  Critique adaptation plans; Could use the adaptation taxonomy discussed in Lecture 5a  If plans are not developed or not clear, suggest appropriate options  Demonstrate your problem solving skills An example structure of the report  Title page  Introduction, aim, structure of the essay  Overview of the firm/sector  Predicted climate impacts on the case  Impacts of carbon policies (C tax, DA comparison)  Risks and opportunities in a C constrained world  Adaptation strategies  Conclusions and recommendations  Reference List  Annexes (if any)  There is no single approach to structure this report; you are free to adopt the structure that suits your case and your writing style Focus and Analysis  Focus – firm or sector  Needs specific information and analysis  Integrate with Module contents  Show what you have learned from the Modules  Research – Substantiate all your claims  Analysis, critique, evaluation  Be smart with your use of contents  Brevity – express much in few words  Be creative, use embed quality hyperlinks/online media for general information Any Questions? Thank you and Good luck!