Green fiscal reform in Sweden: Econometric assessment of the carbon and energy taxation scheme

Shmelev, Stanislav E.; Speck, Stefan

doi:10.1016/j.rser.2018.03.032

Cited by 93 publications

(43 citation statements)

References 35 publications

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“…Tax is a disincentive because it is a cost and could curb the CO 2 emission rates down (L. Sun, Cao, Alharthi, et al, 2020). However, a study by Shmelev and Speck ( 2018 ) found taxes alone not to reduce CO 2 levels in Sweden effectively. The Paris Agreement has equally placed on countries nationally determined contributions (NDCs) to endeavor to limit their CO 2 emission levels voluntarily.…”

Section: Resultsmentioning

confidence: 99%

Nexus between green finance and climate change mitigation in N-11 and BRICS countries: empirical estimation through difference in differences (DID) approach

Nawaz

Seshadri

Kumar

et al. 2020

Environ Sci Pollut Res

282

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Green finance is inextricably linked to investment risk, particularly in emerging and developing economies (EMDE). This study uses the difference in differences (DID) method to evaluate the mean causal effects of a treatment on an outcome of the determinants of scaling up green financing and climate change mitigation in the N-11 countries from 2005 to 2019. After analyzing with a dummy for the treated countries, it was confirmed that the outcome covariates: rescon (renewable energy sources consumption), population, FDI, CO 2 , inflation, technical corporation grants, domestic credit to the private sector, and research and development are very significant in promoting green financing and climate change mitigation in the study countries. The probit regression results give a different outcome, as rescon, FID, CO 2 , Human Development Index (HDI), and investment in the energy sector by the private sector that will likely have an impact on the green financing and climate change mitigation of the study countries. Furthermore, after matching the analysis through the nearest neighbor matching, kernel matching, and radius matching, it produced mixed results for both the treated and the untreated countries. Either group experienced an improvement in green financing and climate change mitigation or a decrease. Overall, the DID showed no significant difference among the countries.

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Section: Resultsmentioning

confidence: 99%

Nexus between green finance and climate change mitigation in N-11 and BRICS countries: empirical estimation through difference in differences (DID) approach

Nawaz

Seshadri

Kumar

et al. 2020

Environ Sci Pollut Res

282

View full text Add to dashboard Cite

show abstract

“…At the same time, it invests ~3.7% of GDP in research and development, which is considerably higher than the EU average of 1.8%. Sweden and Stockholm managed to decouple economic development from the growth in CO 2 emissions as a result of technological modernization in the 1970s with the extensive use of hydropower and nuclear energy, as well as successful application of environmental taxes since 1991 (Shmelev & Speck, ). Stockholm aims to be fossil fuel‐free by 2050 and is actively involved in new programmes on green urban transport.…”

Section: The Most Sustainable Global Citiesmentioning

confidence: 99%

Global urban sustainability assessment: A multidimensional approach

Shmelev

Shmeleva

2018

Sustainable Development

Self Cite

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A new strategic direction for greening our cities and making them smart to reduce the environmental impact of their performance, increase employment and economic viability, and to enhance the quality of life requires a thorough assessment of sustainability and smart urban performance. This paper considers a database of over 90 global cities including London, New York, Hong Kong, San Francisco, Los Angeles, Sao Paolo, Rio de Janeiro, Buenos Aires, Paris, Berlin, Stockholm, Moscow, Beijing, Seoul, Singapore, Shanghai, Sydney and Tokyo exploring linkages between different sustainability and smart city dimensions. To assess urban sustainability performance, this study applied a multi‐criteria approach using a panel of 20 indicators to a set of 57 global cities. The assessment comprised important aspects of energy transitions, focusing on the drivers of CO2 emissions in cities, including the share of coal in the energy mix, public transport and cycling patterns, waste recycling, the water‐energy nexus, as well as the role of smart and creative economy. The results show that San Francisco leads in economic and environmental priorities, and Stockholm leads in social and smart city priorities. Seoul consistently performs very successfully across the whole spectrum of indicators. We devote considerable attention to the strategies, policies and performance of the leading cities, namely, San Francisco, Stockholm and Seoul. This assessment could be a valuable tool for policy‐makers and investors, and could help identify linkages between different sustainability dimensions, as well as investment opportunities in cities with sustainability potential.

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“…Current deployment rates of low-carbon energy sources are compatible with the required shift but when scaled up are expected to encounter considerable resistance due to the rigidities inherent in political and economic decision making (7,8), as well as new technological demands (9,10). Although an increasing number of countries have already introduced or are committed to introducing carbon pricing, the initiatives covered by carbon pricing included only 15% of global greenhouse gas emissions in 2017 (11) and have so far driven only marginal emission reductions (12). It is increasingly recognized that business-as-usual technological progress and carbon…”

mentioning

confidence: 99%

Social tipping dynamics for stabilizing Earth’s climate by 2050

Otto

Donges

Cremades

et al. 2020

Proc. Natl. Acad. Sci. U.S.A.

573

343

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Safely achieving the goals of the Paris Climate Agreement requires a worldwide transformation to carbon-neutral societies within the next 30 y. Accelerated technological progress and policy implementations are required to deliver emissions reductions at rates sufficiently fast to avoid crossing dangerous tipping points in the Earth’s climate system. Here, we discuss and evaluate the potential of social tipping interventions (STIs) that can activate contagious processes of rapidly spreading technologies, behaviors, social norms, and structural reorganization within their functional domains that we refer to as social tipping elements (STEs). STEs are subdomains of the planetary socioeconomic system where the required disruptive change may take place and lead to a sufficiently fast reduction in anthropogenic greenhouse gas emissions. The results are based on online expert elicitation, a subsequent expert workshop, and a literature review. The STIs that could trigger the tipping of STE subsystems include 1) removing fossil-fuel subsidies and incentivizing decentralized energy generation (STE1, energy production and storage systems), 2) building carbon-neutral cities (STE2, human settlements), 3) divesting from assets linked to fossil fuels (STE3, financial markets), 4) revealing the moral implications of fossil fuels (STE4, norms and value systems), 5) strengthening climate education and engagement (STE5, education system), and 6) disclosing information on greenhouse gas emissions (STE6, information feedbacks). Our research reveals important areas of focus for larger-scale empirical and modeling efforts to better understand the potentials of harnessing social tipping dynamics for climate change mitigation.

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Green fiscal reform in Sweden: Econometric assessment of the carbon and energy taxation scheme

Cited by 93 publications

References 35 publications

Nexus between green finance and climate change mitigation in N-11 and BRICS countries: empirical estimation through difference in differences (DID) approach

Nexus between green finance and climate change mitigation in N-11 and BRICS countries: empirical estimation through difference in differences (DID) approach

Global urban sustainability assessment: A multidimensional approach

Social tipping dynamics for stabilizing Earth’s climate by 2050

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