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Abbreviations and acronyms

ABARES
Australian Bureau of Agricultural and Resource Economics and Sciences
ABS
Australian Bureau of Statistics
AEEI
Autonomous energy efficiency improvement
AEMO
Australian Energy Market Operator
ALPF
Australia's Low Pollution Future
APC
Average propensity to consume
ASEAN
Association of Southeast Asian Nations
B100
100 per cent biodiesel
B20
A blend of 20 per cent biodiesel with 80 per cent conventional diesel
BITRE
Bureau of Infrastructure, Transport and Regional Economics
BP
British Petroleum
BTA
Border Tax Adjustment
CAIT
Climate analysis indicators tool
CC
Carbon capture
CCC
Committee on Climate Change (UK)
CCGT
Combined cycle gas turbine
CCP
Climate change policy
CCS
Carbon capture and storage
CCSP
Climate Change Science Program (United States)
CDM
Clean development mechanism
CER
Certified Emission Reductions
CFI
Carbon Farming Initiative
CGE
Computable general equilibrium (model/s)
CH4
Methane
CNG
Compressed natural gas
CO2
Carbon dioxide
CO2-e
Carbon dioxide equivalent
CoPs
Centre of Policy Studies (Monash University)
CPI
Consumer price index
CPRS
Carbon Pollution Reduction Scheme
CRESH
Constant ratio of elasticities of substitution, homothetic
CSIRO
Commonwealth Scientific and Industrial Research Organisation
DCCEE
Department of Climate Change and Energy Efficiency
DEFRA
Department of Environment, Food and Rural Affairs (United Kingdom)
E10
A blend of 10 per cent ethanol and 90 per cent petrol
EGS
Engineered geothermal systems
EIA
Energy Information Administration
EITE
Emission-intensive trade-exposed
EITEs
Emission-intensive trade-exposed sectors
EMF
Energy Modelling Forum
EPA
Environmental Protection Agency (United States)
EPRI
Electric Power Research Institute
ESM
Energy Sector Model
ETS
Emission Trading Scheme
EU25
European Union — 25 countries
g
Gram
G-Cubed
Global general (equilibrium) growth model
GCOMAP
Generalised Comprehensive Mitigation Assessment Process
GDP
Gross domestic product
GEMPACK
General Equilibrium Modelling Package
GFC
Global Financial Crisis
GGAS
Greenhouse Gas Reduction Scheme (New South Wales)
GLOCAF
Global Carbon Finance Model
GNE
Gross national expenditure
GNI
Gross national income
GNP
Gross national product
GSP
Gross state product
GST
Goods and services tax
Gt
Gigatonne
GTAP
Global Trade Analysis Project
GTEM
Global Trade and Environment Model
GVA
Gross value added
GWh
Gigawatt hour
GWP
Gross world product
HES
Household Expenditure Survey
HDI
Household disposable income
HES
Household Expenditure Survey
HFC
Hydrofluorocarbon
HGWP
High global warming potential
IEA
International Energy Agency
IGCC
Integrated gasification combined cycle
IGR
Intergenerational Report
IMF
International Monetary Fund
IPCC
Intergovernmental Panel on Climate Change
kg
Kilogram
L/K ratio
Labour to capital ratio
LNG
Liquefied natural gas
LPG
Liquefied petroleum gas
LRET
Large-scale Renewable Energy Target
LUCF
Land use change and forestry
LULUCF
Land use, land use change and forestry
MAC
Marginal Abatement Cost
MAGICC
Model for the Assessment of Greenhouse Gas Induced Climate Change
MARKAL
Market Allocation (model)
MEGABARE
Model developed by ABARE of the global economy
MFP
Multifactor productivity
MMRF
Monash Multi-Regional Forecasting (model)
Mt
Megatonne
MW
Megawatt
MWh
Megawatt hour
N2O
Nitrous oxide
NATSEM
National Centre for Social and Economic Modelling
NBN
National Broadband Network
NEM
National Electricity Market
NEMS
National Energy Modelling System (United States EIA)
NPV
Net present value
NZIER
New Zealand Institute of Economic Research
OCGT
Open Cycle Gas Turbine
OECD
Organisation for Economic Co-operation and Development
OPEC
Organization of the Petroleum Exporting Countries
ORANI
Model of the Australian economy
PAGE
Policy Analysis of the Greenhouse Effect
PC
Productivity Commission
PFC
Perfluorocarbon
PJ
Petajoule
ppm
Parts per million
PPP
Purchasing power parity
PRISMOD
Price Revenue Incidence Simulation Model
PRISMOD.DIST
Price Revenue Incidence Simulation Model and Distribution Model
PV
Photovoltaic
ROAM
ROAM Consulting
ROW
Rest of world
SAM
Social accounting matrix
SF6
Sulfur hexafluoride
SKM MMA
SKM MMA, part of the Sinclair Knight Merz Group
SRES
Small-scale Renewable Energy Scheme
STINMOD
Static income model
t
Tonne
TWh
Terawatt hour
UN
United Nations
UNFCCC
United Nations Framework Convention on Climate Change
WACC
Weighted Average Cost of Capital

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