Dosis facit effectum why the size of the carbon tax matters: Evidence from the Swedish residential sector

Runst, Petrik; Thonipara, Anita

doi:10.1016/j.eneco.2020.104898

Cited by 45 publications

(24 citation statements)

References 16 publications

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“…Also, air pollutant emissions from the energy sector in Sweden are among the lowest in terms of the GDP among the EU-27 countries. Sweden's position as a leader among the EU-27 countries in the field of sustainable energy development is also caused by legislative activities and taxation of what is energetically ineffective [85]. The principle of punishing what is "dirty and uneconomical" was applied.…”

Section: Discussionmentioning

confidence: 99%

Studying the Level of Sustainable Energy Development of the European Union Countries and Their Similarity Based on the Economic and Demographic Potential

et al. 2020

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The concept of sustainable economic development takes into account economic, social and environmental aspects and strives to achieve balance between them. One of the basic areas where it is required to revalue the current views on sustainable development is energy. The growing public awareness of environmental protection forces changes in this industry. Despite the global nature of this problem, its solution is perceived differently in various regions of the world. The unquestionable leader in introducing the idea of sustainable development economy is the European Union, where the energy sector is of key importance for the effectiveness of this process. In order to assess the sustainable energy development of the European Union countries, studies were conducted based on 13 selected indicators characterizing this sector in terms of energy, economy and environment. In order to assess the specificity of the European Union countries, these indicators were additionally compared to the gross domestic product value and the number of inhabitants of individual countries. For these cases, multi-criteria analyses were carried out using the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method. It allowed the authors to rank the European Union countries in terms of their adaptation to a sustainable energy economy. Based on the determined values of indicators versus the gross domestic product and the number of inhabitants of the countries in question, these countries were also divided into similar groups with the use of the Kohonen artificial neural networks. These groups can pursue a common energy policy in the field of sustainable development. The aim of the research was to present a new approach to the assessment of sustainable energy development of the European Union countries. The extensive ratio analysis (13 indicators of the sustainable energy development), including the economic and demographic potential of individual countries, and the use of modern tools made it possible to acquire new knowledge in the field of sustainable energy development in the European Union countries. The results should be utilized for more effective sustainable energy development of the European Union countries.

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Section: Discussionmentioning

confidence: 99%

Studying the Level of Sustainable Energy Development of the European Union Countries and Their Similarity Based on the Economic and Demographic Potential

et al. 2020

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“…Comparative analyses of carbon taxes can be seen from the earlier research review, but few of these previous comparisons are available (Denstadli and Veisten, 2020;Runst and Thonipara, 2020;Fu et al, 2021). The use of energy, emissions of carbon dioxide (Luo et al, 2021), and macroeconomic effects have all been the subject of numerous studies Tovar Reaños, 2020); however, only a few studies have examined the environmental impact of carbon taxes.…”

Section: Literature Reviewmentioning

confidence: 99%

Environmental Benefits From Carbon Tax in the Chinese Carbon Market: A Roadmap to Energy Efficiency in the Post-COVID-19 Era

2022

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Because of China’s global responsibilities to address climate change, the country has made a commitment to limiting the growth of future emissions using policy measures, such as funding mitigation research and regulating energy efficiency requirements directly. Extensions of these policies, such as the measures to improve energy efficiency, use of carbon taxes, and changes to the mix of electricity generation in the country, are also of interest to China. This article applied a computable general equilibrium (CGE) model to examine the effects of such energy efficiency and climate change policy options in the post-COVID-19 era in the China economy. The study findings show that even modest measures can have significant effects on emissions with marginal economic impacts, given the current level of development in the China electricity generation and transportation sectors. It is estimated that a 5 RMB per ton carbon tax will reduce emissions by 4.1% and GDP by 0.27%. Emissions drop by 8.2% and GDP drops by 0.54% when energy efficiency increases by 2% across the China economy, respectively. As a final result, a 5% shift away from burning coal would reduce emissions by 9.0%, while GDP would increase by 1.3%. It has been shown that even low carbon taxes can encourage a notable cleaner energy system.

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“…The transport sector, though, is fully covered by the carbon tax and thus a suitable sector to analyze. 2 It is also Sweden's largest source of CO 2 emissions-from 1990-2005 the sector was responsible for close to 40 percent of total annual CO 2 emissions (Ministry of the Environment and Energy 2009).…”

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confidence: 99%

Carbon Taxes and CO2 Emissions: Sweden as a Case Study

Andersson

2019

American Economic Journal: Economic Policy

241

139

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This quasi-experimental study is the first to find a significant causal effect of carbon taxes on emissions, empirically analyzing the implementation of a carbon tax and a value-added tax on transport fuel in Sweden. After implementation, carbon dioxide emissions from transport declined almost 11 percent, with the largest share due to the carbon tax alone, relative to a synthetic control unit constructed from a comparable group of OECD countries. Furthermore, the carbon tax elasticity of demand for gasoline is three times larger than the price elasticity. Policy evaluations of carbon taxes, using price elasticities to simulate emission reductions, may thus significantly underestimate their true effect. (JEL H23, L91, Q54, Q58)

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Dosis facit effectum why the size of the carbon tax matters: Evidence from the Swedish residential sector

Cited by 45 publications

References 16 publications

Studying the Level of Sustainable Energy Development of the European Union Countries and Their Similarity Based on the Economic and Demographic Potential

Studying the Level of Sustainable Energy Development of the European Union Countries and Their Similarity Based on the Economic and Demographic Potential

Environmental Benefits From Carbon Tax in the Chinese Carbon Market: A Roadmap to Energy Efficiency in the Post-COVID-19 Era

Carbon Taxes and CO2 Emissions: Sweden as a Case Study

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