The effect of fossil energy and other environmental taxes on profit incentives for change in an open economy: Evidence from the UK

Webster, Allan; Ayatakshi, Sukanya

doi:10.1016/j.enpol.2013.05.016

Cited by 13 publications

(3 citation statements)

References 38 publications

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“…Indirect GHG taxation is certainly a viable option in practice [40]. Fossil fuels (such as coal, oil, and natural gas) are the main target of energy taxes, as they are the main source of GHG emissions [40][41][42][43][44]. Thus, the most effective ways to control carbon emissions is to ensure energy saving and emissions reduction [19].…”

Section: Literature Reviewmentioning

confidence: 99%

The Contribution of Energy Taxes to Climate Change Policy in the European Union (EU)

2019

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Energy taxes are one of the main market-based tools directed toward mitigating climate change in the European Union (EU). Therefore, the aim of this article was to analyze whether energy taxes really contribute to the reduction of greenhouse gas (GHG) emissions and the successful implementation of climate change policy. Applying the Granger causality test on time series and using panel data analysis, the direct and indirect (via the reduction of fossil energy consumption (FEC) and energy intensity (EI), as well as the increase of renewable energy consumption (REN)) impacts of energy taxes on GHG emissions in EU countries were analyzed in the present study. The results showed that energy taxes did not Granger-cause fossil energy consumption, energy intensity, renewable energy consumption, and GHG emissions in almost all EU countries. Regarding the panel data analysis, the results showed that energy taxes did not, directly and indirectly, influence GHG emissions. Therefore, this paper shows that generally, energy tax policy in EU countries is ineffective. Thus, tax policy should be reformed and matched with an emissions trading system in seeking climate change mitigation.

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Section: Literature Reviewmentioning

confidence: 99%

The Contribution of Energy Taxes to Climate Change Policy in the European Union (EU)

2019

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“…After the 2008s international economic crisis, the United Nations launched the Global Green New Deal and Green Economy Plan to adopt the green economy (GE) and green new deal as a response to the dual challenges of the financial crisis and climate change (UNEP, 2011). Some other developed countries, such as the United States, the United Kingdom, France, Germany, South Korea, and Brazil, have also regarded the green economy as a new engine for economic revitalization since then (Webster and Ayatakshi, 2013;Mark and Mark, 2009). Similarly, China has also carried out a series of strategic deployments and practical actions in response to GE's development.…”

Section: Introductionmentioning

confidence: 99%

Spatial spillover effects of financial resource allocation efficiency on green economy: Evidence from China

Tang

Shao

2022

Front. Environ. Sci.

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Financial resource allocation comprises the efficiency of credit resource allocation and the savings-investment transformation rate. Based on the two aspects, the relationships between the efficiency of financial resource allocation and green economic development are empirically tested using China’s panel data from 2000 to 2019 within the spatial Durbin model. The empirical results show that the efficiency of credit resource allocation in China is low, and the flow of credit resources causes a siphon effect. At the same time, the existing savings stock does not form a real credit resource. The empirical results of regional tests show that the allocation efficiency of credit resources in the eastern region is low, and negative externalities exist. The allocation efficiency of credit resources in the central and western regions has a driving effect on the development of the green economy in the region, but there also exist negative externalities. There are positive externalities in the conversion rate of savings and investment. The findings of this study indicate that China is still driving the development of the green economy through the expansion of the total financial scale. The economic benefits of improving the efficiency of financial resource allocation have not been proven.

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“…As an integral part of the thermal energy on Earth, geothermal energy enjoys good sustainability, easy access, high efficiency and low cost. As a result, geothermal energy has increased rapidly in scale in recent years, taking up a growing proportion in the energy structure [1][2].…”

Section: Introductionmentioning

confidence: 99%

Game Theory-based Economic Analysis and Incentive Mechanism of Complex Geothermal Energy

Wu¹

2019

IJHT

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Geothermal energy is a key clean energy in China that can be applied in heating, hot springs and aquaculture. However, the recovery of geothermal energy depends heavily on electricity, the market is narrow and the initial investment is very high. Focusing on the geothermal energy development in Beijing, China, this paper applies the game theory to analyze the economy of complex geothermal energy and designs the economic incentive system for geothermal energy. Specifically, the energy analysis and thermoeconomic analysis methods were designed for geothermal energy system, in the light of the thermodynamic laws. The investment cost, specific negative entropy cost and comparable irreversible cost of geothermal energy recovery were examined in details, revealing that the recovery of geothermal resources needs the least investment in Miyun, Haidian and Fangshan, and that Changping has the smallest relative cost difference and energy economics factor in Beijing. In addition, economic incentive measures were put forward, including both tax incentive and financial subsidy. The research findings lay the theoretical basis for expanding the development and utilization of geothermal energy.

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The effect of fossil energy and other environmental taxes on profit incentives for change in an open economy: Evidence from the UK

Cited by 13 publications

References 38 publications

The Contribution of Energy Taxes to Climate Change Policy in the European Union (EU)

The Contribution of Energy Taxes to Climate Change Policy in the European Union (EU)

Spatial spillover effects of financial resource allocation efficiency on green economy: Evidence from China

Game Theory-based Economic Analysis and Incentive Mechanism of Complex Geothermal Energy

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