Supply-side climate policies and the Yasuní-ITT Initiative

dc.contributor.authorMacintosh, Andrew
dc.contributor.authorConstable, Amy
dc.date.accessioned2023-07-04T23:49:42Z
dc.date.issued2018
dc.date.updated2022-04-10T08:19:54Z
dc.description.abstractIn recent years, there has been a surge of interest in the use of supply-side climate policies (ie those aimed at reducing the supply of fossil fuels) as an alternative to demand-side approaches, such as carbon taxes (ie those aimed at reducing the use of fossil fuels). Proponents assert that where demand-side policies have failed, supply-side approaches will succeed, often ignoring or downplaying the institutional, political, social and economic factors that impede progress and the importance of policy design. To illustrate the types of design flaws that can emerge in supply-side approaches as a result of these factors, this article critically evaluates one of the most well-known of these proposals, Ecuador’s Yasuní-ITT Initiative. The article analyses the factors that shaped its design and its technical deficiencies, providing new insights on why the Initiative failed and the blessings in its termination. The lesson from the Yasuní-ITT Initiative is that, while supply-side approaches have potential, like demand-side approaches, their effectiveness depends on how well central policy actors supportive of their use are able to manage the factors that shape and constrain their choices, and how this is reflected in policy design and implementation.en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn0813-300Xen_AU
dc.identifier.urihttp://hdl.handle.net/1885/293948
dc.language.isoen_AUen_AU
dc.publisherThomson Reutersen_AU
dc.rights© 2017 Thomson Reuters (Professional) Australia Limiteden_AU
dc.sourceEnvironmental and Planning Law Journalen_AU
dc.titleSupply-side climate policies and the Yasuní-ITT Initiativeen_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.issue2en_AU
local.bibliographicCitation.lastpage93en_AU
local.bibliographicCitation.startpage79en_AU
local.contributor.affiliationMacintosh, Andrew, ANU College of Law, ANUen_AU
local.contributor.affiliationConstable, Amy, ANU College of Law, ANUen_AU
local.contributor.authoremailu4182580@anu.edu.auen_AU
local.contributor.authoruidMacintosh, Andrew, u4182580en_AU
local.contributor.authoruidConstable, Amy, u4677744en_AU
local.description.embargo2099-12-31
local.description.notesImported from ARIESen_AU
local.identifier.absfor410100 - Climate change impacts and adaptationen_AU
local.identifier.absseo280111 - Expanding knowledge in the environmental sciencesen_AU
local.identifier.ariespublicationu5706852xPUB150en_AU
local.identifier.citationvolume34en_AU
local.identifier.uidSubmittedByu5706852en_AU
local.publisher.urlhttp://sites.thomsonreuters.com.au/journals/category/journals/environmental-and-planning-law-journal/en_AU
local.type.statusPublished Versionen_AU

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