Winners and losers: the distributional impacts of a carbon tax in Brazil

Moz-Christofoletti, Maria Alice; Pereda, Paula Carvalho

doi:10.1016/j.ecolecon.2021.106945

Cited by 47 publications

(14 citation statements)

References 56 publications

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“…and consumers to actively cut emissions in the game between the government and firms (Liu and Dong, 2022); Freire-Gonzalez and Ho. ( 2019) used a dynamic CGE model to simulate the environmental and economic effects of three different carbon tax price schemes in Spain, and found that controlling the carbon tax price within €10 can achieve a "double dividend" of carbon tax policy; An economic optimization model is employed in the context of Chile's carbon tax policy to simulate the effects of various taxes on the emission of various air pollutants, and it is suggested to further broaden the carbon tax's area of application to maximize its impact (Mardones and Cabello., 2019); Concerning Brazil's carbon tax, compensation mechanisms are critical in the context of a complex tax system and can effectively reduce the economic burden of low-income households (Moz Christofoletti and Pereda, 2021).…”

Section: Government Developersmentioning

confidence: 99%

Strategies of property developers and governments under carbon tax and subsidies

Yao

Shao²,

Yin³

et al. 2022

Front. Environ. Sci.

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Implementing low-carbon houses is inseparable from the carbon tax and subsidy policies. Appropriate carbon taxes and subsidies can help to reduce household carbon emissions. This study aims to identify a suitable carbon tax and subsidy policy and investigate how this policy will affect the adoption of low-carbon housing. We classify programs including carbon taxes and subsidies into four categories: static carbon tax static subsidy, static carbon tax dynamic subsidy, dynamic carbon tax dynamic subsidy, and dynamic carbon tax static subsidy. Additionally, under various carbon tax and subsidy systems, the evolutionary stability strategies (ESS) of real estate developers and governments will be examined using evolutionary game theory. The case simulation results show that static carbon tax and dynamic subsidies are the best strategies. Government regulation is essential for the implementation of low-carbon housing. The higher the carbon tax and the property developer’s profit, the higher the willingness of property developers to implement low-carbon houses and the higher the willingness of government regulation. Appropriate low-carbon subsidies will help property developers implement low-carbon houses. However, after reaching a certain point, low-carbon subsidies will make property developers less inclined to build low-carbon houses. The higher the cost of government regulation, the lower the probability of the low-carbon strategy of property developers, but the cost of government regulation has little impact on the government’s regulation strategy.

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Section: Government Developersmentioning

confidence: 99%

Strategies of property developers and governments under carbon tax and subsidies

Yao

Shao²,

Yin³

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

show abstract

“…By modelling the economy-wide relationships between economic agents and sectors, computable general equilibrium (CGE) models are the most commonly used empirical tools to analyse all major issues related to carbon pricing (Timilsina, 2018). Most CGE studies show that carbon pricing incurs net economic costs in terms of GDP or household welfare (in addition to the benefits of climate change mitigation and other cobenefits) (Frey, 2017;Karapinar et al, 2019;Van Heerden et al, 2016;Zhang et al, 2016;Moz-Christofoletti and Pereda, 2021 for recent examples). Exemptions for certain sectors or actors increase the carbon price and the overall cost to reach any given emission target (Böhringer and Rutherford, 1997;Meng et al, 2013;Van Heerden et al, 2006).…”

Section: Literature Reviewmentioning

confidence: 99%

“…However, these studies still build on a top-down vision of mitigation options within the standalone CGE modelling that has limited details at the sectoral scale and that do not explore in-depth the economic and social impacts of alternative carbon pricing schemes. Eventually, several studies analysed the distributional impacts of carbon pricing across different households groups (Magalhães, 2013;Winkler et al, 2017;da Silva Freitas et al, 2016;La Rovere et al, 2018b;Moz-Christofoletti and Pereda, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Economic and social effectiveness of carbon pricing schemes to meet Brazilian NDC targets

et al. 2021

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HAL is a multi-disciplinary open access archive for the deposit and dissemination of scientific research documents, whether they are published or not. The documents may come from teaching and research institutions in France or abroad, or from public or private research centers. L'archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d'enseignement et de recherche français ou étrangers, des laboratoires publics ou privés.

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“…We will have to invest highly into to get things back to normal. Global warming must be kept below 2 °C by 2035, which will require $53 trillion for investments in energy-related projects (Moz-Christofoletti and Pereda, 2021).…”

Section: Introductionmentioning

confidence: 99%

Green Finance Strategies for the Zero-Carbon Mechanism: Public Spending as New Determinants of Sustainable Development

Xing

2022

Front. Environ. Sci.

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A green economy is one that mainstreams nature and people’s concerns and provides well-paying jobs for the economy. In the past, researchers examined the relationship between financial growth and carbon emissions, and very limited studies examined the role of green finance in carbon extenuation. Based on these four indicators, which are sustainable credit, sustainable safety, sustainable insurance, and sustainable asset, a green finance index was developed in this study. In this study, a vector error correction model (VECM) is used to examine associations between the growth level of green finance, public spending, and the zero-carbon mechanism using data from 2005 to 2018. The results of this study indicate that China’s green finance industry had grown quickly, with enhancements in green finance and increased public spending, all contributing to reducing the country’s environmental degradation. The simultaneous increase in carbon intensity slowed the expansion of non-fossil energy usage, reduced the flow of investing in green projects, and finally deteriorated the development of green finance. Furthermore, renewable energy usage in China is chiefly influenced by carbon intensity and green finance, both of which had clear policy-driven consequences. The effects of green finance strategies have consistently fallen short of expectations and lacked consistency. This study makes recommendations for improving the effectiveness of green finance policy implementation and increasing renewable energy to reduce or erode the economic gains of the zero-carbon mechanism.

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Winners and losers: the distributional impacts of a carbon tax in Brazil

Cited by 47 publications

References 56 publications

Strategies of property developers and governments under carbon tax and subsidies

Strategies of property developers and governments under carbon tax and subsidies

Economic and social effectiveness of carbon pricing schemes to meet Brazilian NDC targets

Green Finance Strategies for the Zero-Carbon Mechanism: Public Spending as New Determinants of Sustainable Development

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