“Green” fuel tax on private transportation services and subsidies to electric energy. A model-based assessment for the main European countries

Bartocci, Anna; Pisani, Massimiliano

doi:10.1016/j.eneco.2013.09.019

Cited by 21 publications

(9 citation statements)

References 14 publications

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“…This is ineffi cient from an economic point of view (cf. [61]). On the global scale, the predicted strongly increasing passenger vehicle fleet and freight transport volumes are precursors of a considerable increase in future CO 2 emissions up to 2050.…”

Section: Discussionmentioning

confidence: 99%

Including road transport in the EU ETS (European Emissions Trading System): A model-based analysis of the German electricity and transport sector

Heinrichs

Jochem

Fïchtner

2014

Energy

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The EU ETS (European Emissions Trading System) is being enlarged stepwise to cover an increasing amount of overall European CO 2 emissions. However, one of the largest and still growing CO 2 emitting sector, the transport sector, and particularly road transport, has not yet been included in the EU ETS. Against this background, the question arises whether integrating the road transport sector in the EU ETS represents a cost efficient CO 2 reduction strategy. For this reason, the consequences of this integration are analysed with a focus on Germany. To do so we utilise a model based approach. In order to account for both sectors simultaneously, we couple an electricity system model, PERSEUS EU (Package for Emission Reduction Strategies in Energy Use and Supply in Europe), with a road transport model, COMIT (CO 2 emission Mitigation in the Transport sector). The time horizon we consider ranges from 2010 to 2030. In our analysis, we differentiate our scenarios according to commodity prices, share of renewable energies in electricity generation and share of electric vehicles. The results show that the enlargement of the EU ETS to include road transport leads to a reduction of overall CO 2 emissions, but equally reduces the mitigation efforts in the road transport sector. Simultaneously, the German electricity sector is mainly influenced according to the certificate demand or supply of the road transport sector.

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Section: Discussionmentioning

confidence: 99%

Including road transport in the EU ETS (European Emissions Trading System): A model-based analysis of the German electricity and transport sector

Heinrichs

Jochem

Fïchtner

2014

Energy

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“…Fischer andSpringborn (2011), Heutel (2012), and Angelopoulos et al (2013) study environmental policies in an RBC model, while Annicchiarico and Di Dio (2015) analyze these policy tools in a model with nominal rigidities. Bartocci and Pisani (2013) assess the effects of taxing motor vehicle fuels for private transportation in the main EU countries. Golosov et al (2014) derive a simple formula for the optimal carbon tax.…”

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confidence: 99%

Whatever it Takes to Save the Planet? Central Banks and Unconventional Green Policy

Ferrari

Landi

2021

SSRN Journal

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We study the effects of a temporary Green QE, defined as a policy that temporarily tilts the central bank's balance sheet toward green bonds, i.e. bonds issued by firms in nonpolluting sectors. To this end, we merge a standard DSGE framework with an environmental model in which detrimental emissions increase the stock of pollution. Imperfect substitutability between green and brown bonds is a necessary condition for the effectiveness of Green QE. While a temporary Green QE is an effective tool for mitigating detrimental emissions, it has limited effects in reducing the stock of pollution, if pollutants, e.g. CO2, stay in the atmosphere for a long time. The welfare gains of Green QE are positive but small. Welfare gains are larger if the flow of emissions negatively affects the utility of households.

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“…fuel-economy policies and energy-savings policies [3][4][5]; socio-economic development [6]; energy efficiency standards [7]; road condition [8,9]; car-following models [10]; and total costs of ownership [11]. The significant amount of fossil energy consumed by automobiles is associated with an inevitable environmental pollution [12].…”

Section: Introductionmentioning

confidence: 99%

The development of new energy vehicles for a sustainable future: A review

Yuan

Liu

Zuo

2015

Renewable and Sustainable Energy Reviews

291

100

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“Green” fuel tax on private transportation services and subsidies to electric energy. A model-based assessment for the main European countries

Cited by 21 publications

References 14 publications

Including road transport in the EU ETS (European Emissions Trading System): A model-based analysis of the German electricity and transport sector

Including road transport in the EU ETS (European Emissions Trading System): A model-based analysis of the German electricity and transport sector

Whatever it Takes to Save the Planet? Central Banks and Unconventional Green Policy

The development of new energy vehicles for a sustainable future: A review

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