Eliza Murray is the General Manager of Australia’s independent Climate Change Authority. For over 10 years she has led teams responsible for Australia’s international climate change negotiations, mitigation policies, and climate science.
Upon graduating from the Master of Climate Change course at The Australian National University, Eliza was awarded the Garnaut Prize for Academic Excellent and is now completing her doctorate with the support of the Sir Roland Wilson Foundation. Her research investigates how the decentralised carbon markets around the world could be orchestrated to better contribute to the global decarbonisation challenge.
In contrast to the carbon market envisaged under the Kyoto Protocol, jurisdictions, corporations, and organisations around the world have developed different ways to price and trade carbon.
Linking these different systems offers an alternative, ‘bottom up’ model for global cooperation on climate change. Carbon trading also makes mitigation efforts more cost effective and offer a range of other economic and political benefits which, in turn, enable acceleration of the transition to net zero emissions.
Regional carbon trading clubs are emerging around the world. However, the institutional foundations of these clubs (their formal and informal rules) differ in important ways, with implications for their efficiency, environmental effectiveness, and risk of collapse.
The central research question to this dissertation is: How can decentralised carbon markets contribute to the global transition to net zero or reduce the costs/disruption of that transition, and what are the trade-offs and synergies between these goals?
Three additional research questions contextualise and underpin this central research question: 1) What are the drivers, enablers, and inhibitors of carbon pricing and trading? 2) How can we understand decentralised carbon market governance? 3) What implications can be drawn from these findings for how an efficient, effective, and equitable global carbon market could be orchestrated?
Scholarships and fellowships
Climate Change Authority, 2019 - current
Australian Government Department of Climate Change and Energy Efficiency, 2011 - 2019
Australian Government Department of Sustainability, Environment, Water, Population and Communities, 2007 - 2011
Victorian Government Department of Primary Industries, 2006 - 2007
South Australian Government Department of Environment and Heritage, 2005-2006