The long and short-term effects of environmental tax on energy efficiency: Perspective of OECD energy tax and vehicle traffic tax

He, Pinglin; Sun, Yulong; Niu, Hanlu; Long, Chengfeng; Li, Shufeng

doi:10.1016/j.econmod.2020.04.003

Cited by 57 publications

(25 citation statements)

References 25 publications

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“…Due to the limitations of the cross-sectional data approach, some studies have applied panel data techniques to study the impact of sewage charges on environmental pollution. For example, He et al [24] used data from OECD countries from 1995 to 2016 to study the impact of transportation tax, energy tax, and environmental tax on energy efficiency. The results proved that environmental taxes could improve energy efficiency.…”

Section: Existing Methods For Sewage Charges On Environmental Pollutionmentioning

confidence: 99%

“…Since the "Pigouvian Taxes" were proposed, the effects of environmental charges have been widely recognized [23]. As an important form of environmental economic policy, a number of countries have started to use environmental taxes as a means to protect the natural environment and maintain ecological balance [24]. As the largest developing country, China established a sewage charging system by law in 1979 and began to collect sewage charges on a pilot basis.…”

Section: Related Research On the Impacts Of Sewage Charges On Environment Pollutionmentioning

confidence: 99%

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Dynamic Impact of Environmental Regulation on Environmental Performance in China: New Evidence from a Semiparametric Additive Panel Analysis

Long

2021

Sustainability

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Environmental protection is the core of sustainable economic development, and environmental policy plays a key role in achieving protection goals. Therefore, it is extremely crucial to evaluate the effectiveness of environmental policies. Existing studies mainly focus on the average impact of environmental policies on environmental pollution but ignore their dynamic impact, which is prone to misestimate the effect of environmental policies. To make up for the deficiency, a semiparametric additive panel data model is used to explore the dynamic impact of China’s sewage charging policy on environmental performance at each level of the levy. The results show that the relationship between sewage charge level and environmental degeneration is an “M-shaped” pattern, indicating that the current sewage charge policy is not absolutely effective. Moreover, the results also reveal an “N-shaped” linkage between economic growth and environmental pollution, indicating that economic development is not sustainable. Moreover, the factors of energy consumption, population growth, and industrialization contribute to increasing environmental degeneration. Although technological development has a positive impact on environmental performance, its impact is insignificant. This study could provide new evidence for strengthening environmental regulatory reform and promoting green economic development.

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Section: Existing Methods For Sewage Charges On Environmental Pollutionmentioning

confidence: 99%

Section: Related Research On the Impacts Of Sewage Charges On Environment Pollutionmentioning

confidence: 99%

Dynamic Impact of Environmental Regulation on Environmental Performance in China: New Evidence from a Semiparametric Additive Panel Analysis

Long

2021

Sustainability

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“…Due to technology innovation input, it also greatly increases the ability of enterprises to resist risks (Khan et al, 2021;Zhang and Zheng, 2022). In addition to the advantages mentioned above, environmental taxes also positively impact corporate costs (Morris et al, 1999), production (Yamazaki, 2022;Zárate-Marco and Vallés-Giménez, 2015;Beladi et al, 2021;Li and Masui, 2019;Berman and Bui, 2001), financing (Zhu et al, 2020b) and redistribution (Leiter et al, 2011;Karydas and Zhang, 2017;Garbaccio et al, 1999), tax payment Cadoret et al, 2020;Zhou et al, 2019), and even macro industrial upgrading (He et al, 2021;Guan et al, 2019). In other words, even if a mandatory environmental tax increases some enterprise operating costs, these costs will be offset in the long run by a series of benefits brought about by technological advancement.…”

Section: Environmental Tax Revenue and Enterprise Economic Growthmentioning

confidence: 99%

The impact of environmental taxes on economic benefits and technology innovation input of heavily polluting industries in China

Wang

Zhu

Wang

et al. 2022

Front. Environ. Sci.

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This paper defined heavily polluting enterprises as the treatment group based on relevant data on the listed companies in the 5 years from 2016 to 2020. Companies other than the heavily polluting enterprises were defined as the control group. An empirical analysis applying the double-difference technique was performed to assess the impact of China’s environmental tax on the economic performance and technological innovation input of industries that pollute heavily. The findings demonstrated an increased positive effects of environmental taxes on the economic performance and technology innovation input of heavily polluting industries since the inception of the environmental tax in China. As some enterprises in heavily polluting industries are under increased financial pressure owing to green upgrades and the low environmental tax rate in some regions, recommendations are presented to improve the environmental regulation system, adapt environmental taxes to local conditions, and strengthen the implementation and supervision of environmental taxes through big data technology.

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“…They confirmed the significant coefficient of green tax to impact green energy consumption, which is a way to improve energy efficiency. He et al ( 2021 ) and Wang and Yu ( 2021 ) tried to seek the influence of environmental tax on the enhancement of energy efficiency levels in the OECD (Organization for Economic Co-operation and Development) economies. They found out that the impact is not clear and depends on countries’ economic size.…”

Section: Literature Reviewmentioning

confidence: 99%

Assessment of environmental tax and green bonds impacts on energy efficiency in the European Union

Zhou

Sun

et al. 2022

Econ Change Restruct

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Owing to the increased greenhouse gas emissions and threat of environmental pollution, scholars have drawn attention to the issue of energy efficiency in recent decades. One of the main practical policies related to energy efficiency is deploying green tax and green financing tools. The main purpose of this paper is to analyze the impacts of issued green bonds and environmental taxes on energy efficiency in the 27 European Union (EU) member states from 2010 to 2021. The major results confirm that green bonds accelerate the process of improvement of the level of energy efficiency in EU members. In the EU, environmental taxation is an efficient fiscal policy to encourage enterprises to conduct different policies and projects to improve their energy efficiency levels. In addition, a 1% increase in the gross domestic product leads to an increase in energy efficiency of the EU by nearly 0.39%. The recommended practical policies are promoting the green bond market through more transparency and marketing among private investors, paying attention to the concept of green economic recovery, and issuing digital green bonds (DGBs).

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The long and short-term effects of environmental tax on energy efficiency: Perspective of OECD energy tax and vehicle traffic tax

Cited by 57 publications

References 25 publications

Dynamic Impact of Environmental Regulation on Environmental Performance in China: New Evidence from a Semiparametric Additive Panel Analysis

Dynamic Impact of Environmental Regulation on Environmental Performance in China: New Evidence from a Semiparametric Additive Panel Analysis

The impact of environmental taxes on economic benefits and technology innovation input of heavily polluting industries in China

Assessment of environmental tax and green bonds impacts on energy efficiency in the European Union

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