CO2 taxes, equity and the double dividend – Macroeconomic model simulations for Austria

Kirchner, Mathias; Sommer, Mark; Kratena, Kurt; Kletzan‐Slamanig, Daniela; Kettner, Claudia

doi:10.1016/j.enpol.2018.11.030

Cited by 75 publications

(40 citation statements)

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“…Most of the analysis has been case studies, often focusing on a particular tool, such as CO 2 tax schemes [21,22], and often within a particular country [23,24]. For example, one study compared the various approaches that the United States' state and federal governments have applied to provide regulatory frameworks to address carbon sequestration [25].…”

Section: Introductionmentioning

confidence: 99%

CCS Projects: How Regulatory Framework Influences Their Deployment

Romasheva

Ilinova

2019

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Preventing the effects of climate change is one of the most pressing challenges of this century. Carbon capture and storage (CCS) technology takes up a promising position in the achievement of a low-carbon future. Currently, CCS projects are implemented not only for CO2 storage but also for its usage in industries, in conformity with the principles of a circular economy. To date, a number of countries have accumulated experience in launching and implementing CCS projects. At the same time, the peculiarities and pace of technology development around the world remain different. This paper attempts to identify key factors that, first, generally affect CCS projects deployment, and second, create favorable conditions for CCS technologies development. Based on an extensive literature review and the experience of different countries, classification and interpretation of these factors are offered, justifying their impact on CCS projects. As a result of this paper, the authors present an assessment of the maturity of policy incentives and regulations in the field of CCS for different countries with revealed dependence between the level and effectiveness of CCS projects’ implementation, confirming the adequacy of the offered approaches and identifying measures that ensure success in CCS. The methodology of this study includes case studies, a modified PEST analysis, system-oriented analysis, the checklist method, and regression analyses.

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Section: Introductionmentioning

confidence: 99%

CCS Projects: How Regulatory Framework Influences Their Deployment

Romasheva

Ilinova

2019

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“…Theoretically, the distributional consequences of virtually any policy can be counteracted by introducing appropriate compensation measures for losers, such as flat lumpsum transfers or targeted transfers to, e.g., rural households or low-income households. 7 The acceptance of carbon pricing policies will be further affected by factors other than distributional issues, such as political economy constraints, e.g., lobbying by those heavily affected, political trust, and behavioral biases due to different perceptions, values, and beliefs. 8,9 In the real world, carbon pricing schemese.g., those in British Columbia, Switzerland, or coal-producing Alberta-have led to the implementation of a diverse mix of compensation measures, such as tax cuts, green investments, flat transfers, and targeted transfers.…”

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confidence: 99%

“…In addition, if carbon revenues are recycled, macro-economic impacts will be very low, if not positive, even when one disregards the environmental (co-)benefits from less CO 2 emissions. 7,11 Fourth, carbon pricing and technologysupport instruments differ considerably in their effect on energy consumption. As carbon prices are passed through to energy prices, 12 at least in marketbased systems, energy conservation is incentivized.…”

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confidence: 99%

Exploiting Synergy of Carbon Pricing and Other Policy Instruments for Deep Decarbonization

Kirchner

Schmidt

Wehrle

2019

Joule

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Mathias Kirchner is a senior scientist at the Center for Global Change and Sustainability at the University of Natural Resources and Life Sciences, Vienna, where he leads the Foresight group. His research focuses on sustainable transformation pathways. He enjoys working in interdisciplinary research teams to investigate a diverse range of sustainability issues ranging from climate change impacts and land use (applying integrated modelling frameworks) to equity effects of green tax reforms (applying macroeconomic models).

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confidence: 99%

“…Thus, introducing very high carbon prices can be prevented. In addition, if carbon revenues are recycled, macro-economic impacts will be very low, if not positive, even when one disregards the environmental (co-)benefits from less CO 2 emissions (Kirchner et al, 2019;Freire-González, 2018).…”

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Exploiting Synergy of Carbon Pricing and other Policy Instruments for Deep Decarbonization

Kirchner¹,

Schmidt²,

Wehrle³

2019

Preprint

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We address both weaknesses and strengths of recent arguments against carbon pricing . In our opinion, however, carbon pricing is one essential component of a mix of policy instruments, as no single instrument will bring about the disruptive change needed to meet the Paris Agreement goals and achieve deep carbonization. We urge the research community to assess synergies and trade-offs between different policy instruments and to take into account the important role of their social and political acceptance.

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CO2 taxes, equity and the double dividend – Macroeconomic model simulations for Austria

Cited by 75 publications

References 51 publications

CCS Projects: How Regulatory Framework Influences Their Deployment

CCS Projects: How Regulatory Framework Influences Their Deployment

Exploiting Synergy of Carbon Pricing and Other Policy Instruments for Deep Decarbonization

Exploiting Synergy of Carbon Pricing and other Policy Instruments for Deep Decarbonization

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