Download Carbon-Energy Taxation: Lessons from Europe by Mikael Skou Andersen, Paul Ekins PDF

By Mikael Skou Andersen, Paul Ekins

While taxes are brought on carbon and effort, and the profit is used to minimize different taxes, will a favorable impact be completed either for the surroundings and for the economic system? In 1990 Finland was once the 1st kingdom to introduce a tax on CO2. Later, Sweden, Denmark, Netherlands, Slovenia, Germany and the united kingdom go well with with tax reforms that shifted taxation from labour to carbon and effort. through the years, CO[{2} and effort taxes have steadily been raised, in order that in Europe taxes of greater than 25 billion Euros a yr were shifted. This ebook examines carbon-energy taxation intimately and appears at tax transferring programmes for reducing different taxes. It bargains broad research at the foundation of old information and seeks to respond to vital questions for policy-making, equivalent to: What used to be the effect of tax transferring for financial functionality and competitiveness? by means of how a lot have been emissions of CO[{2} lowered? may perhaps energy-intensive industries minimize additional down on their gasoline call for or did they free industry stocks? To what volume was once there "leakage" from Europe, in order that creation and CO[{2} emissions have been shifted to different international locations or areas with no CO[{2} -abatement coverage? using special and unique information, together with sector-specific power costs and taxes, in addition to using complicated statistical suggestions, resembling co-integration research and panel-regression innovations besides the time-series predicted macro-economic version E3ME, make this a very accomplished quantity. at the foundation of the teachings realized in Europe, this quantity exhibits how carbon-energy taxation may possibly usefully be mixed with emissions buying and selling, and discusses implications for destiny foreign weather coverage, together with how the IPCC ideas for a gentle escalation in carbon cost might be complete whereas combating carbon leakage.

Show description

Read Online or Download Carbon-Energy Taxation: Lessons from Europe PDF

Best oil & energy books

Fracking - Die neue Produktionsgeografie

Die Energieversorgung der Welt steht vor einer radikalen Wende: Mit Fracking erschließt eine neue Technik bislang unerreichbare Öl- und Gasquellen in der Tiefe. Das verändert die Spielregeln im globalen Energiemarkt. Durch die Ausbeutung dieser sogenannten unkonventionellen Lagerstätten können einige Staaten, die bislang von Öl- und Gas-Importen abhängig sind, zu Exporteuren aufsteigen.

International petroleum encyclopedia 2008

The overseas Petroleum Encyclopedia (IPE) has been the most desirable study instrument for the petroleum and effort industries for over forty years. The 2007 IPE turned the Axiom company publication Awards’ gold medal selection for “Best Reference Book”, and now it’s time for the subsequent around. The 2008 foreign Petroleum Encyclopedia is able to proceed the successful legacy.

Push button agriculture: robotics, drones, satellite-guided soil and crop management

This e-book covers 3 major kinds of agricultural structures: using robotics, drones (unmanned aerial vehicles), and satellite-guided precision farming equipment. a few of these are good sophisticated and are presently in use, whereas others are short of refinement and are but to develop into renowned. The publication presents a helpful resource of data in this constructing box for these concerned with agriculture and farming and agricultural engineering.

Additional info for Carbon-Energy Taxation: Lessons from Europe

Example text

The chapter identifies what appears to be a significant difference between the impacts of increased energy prices and increased carbon-energy taxes; whereas increases in energy prices influence unit energy costs, such impacts are considerably smaller for energy taxes. While the analysis does not provide support for a strong double dividend, it cannot confirm the existence of firmly negative economic impacts from ETR. Andersen and Speck in Chapter 6 review in detail the mitigation and compensation arrangements for energy-intensive industries in the seven countries.

Nevertheless even an ETR with associated tax shift will produce some structural effects, with some companies winning and others losing. Rather than the short-term impact on individual companies, however, it is the overall impact on a country’s competitiveness which should be in focus (Esty and Porter, 2001). The European Commission in its annual competitiveness report defines competitiveness as ‘a sustained rise in the standards of living of a nation and as low a level of involuntary unemployment as possible’ (EC, 2004: 17).

The intermediate version of the double dividend claim has been further extended by Bovenberg and de Mooij (1994). From a public finance position, they point to the existence of a possible ‘tax interaction effect’ that may countervail the revenue-recycling effect of ETR. In essence, the tax interaction effect will exceed the revenue-recycling effect, except under special circumstances with highly distortionary taxes. The mechanism 8 Carbon-Energy Taxation and Competitiveness of the tax interaction effect is that the environmental taxation causes commodity prices to increase, lowering the real value of after-tax income.

Download PDF sample

Rated 4.26 of 5 – based on 13 votes

About admin