Climate Regulation of the Electricity Industry: A Comparative View from Australia, Great Britain, South Korea, and the United States

Abstract

Introduction. In the face of the climate crisis, the future of the electricity industry is vital. Globally, the electricity sector ranks first in terms of greenhouse gas (GHG) emissions, accounting for 25% of such emissions in 2010. Among Organisation for Economic Cooperation and Development (OECD) countries, the figures are even starker: electricity is the number one contributor to climate change for this group, comprising 42% of GHG emissions. [...]