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Impuesto al CO2 en el sector eléctrico chileno: efectividad y efectos macroeconómicos

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  • Cristian Mardones P.
  • Tamara Muñoz Z.

Abstract

Chile has an international commitment to a 30% reduction in CO2 emissions by the year 2030. Because the electricity sector contributes 42% of total emissions, the country has recently introduced a CO2 tax of US$5 per ton emitted. However, there is no estimate of the effect this policy will have on emissions and other economic variables, nor if the tax rate is sufficient. To address these concerns, an environmental extension of the Leontief price model is developed. The results show that a 20 times higher tax rate than the Chilean proposal is needed to reduce emissions to the required levels, which would also generate a significant increase in the price of electricity and the CPI.

Suggested Citation

  • Cristian Mardones P. & Tamara Muñoz Z., 2017. "Impuesto al CO2 en el sector eléctrico chileno: efectividad y efectos macroeconómicos," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 20(1), pages 004-025, April.
    • Handle: RePEc:chb:bcchec:v:20:y:2017:i:1:p:004-025
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    References listed on IDEAS

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    Cited by:

    1. Mardones, Cristian & Mena, Camilo, 2020. "Effects of the internalization of the social cost of global and local air pollutants in Chile," Energy Policy, Elsevier, vol. 147(C).
    2. Mardones, Cristian, 2023. "Economic and environmental effects of financing subsidies for non-conventional renewable energies with a carbon tax – A comparison of intersectoral models," Renewable Energy, Elsevier, vol. 217(C).
    3. Cristian Mardones, 2021. "Analysis on complementarity between a CO2 tax and an emissions trading system to reduce industrial emissions in Chile," Energy & Environment, , vol. 32(5), pages 820-833, August.
    4. Mardones, Cristian & Cabello, Martin, 2019. "Effectiveness of local air pollution and GHG taxes: The case of Chilean industrial sources," Energy Economics, Elsevier, vol. 83(C), pages 491-500.
    5. Mardones, Cristian & García, Catalina, 2020. "Effectiveness of CO2 taxes on thermoelectric power plants and industrial plants," Energy, Elsevier, vol. 206(C).
    6. Mardones, Cristian & Baeza, Nicolas, 2018. "Economic and environmental effects of a CO2 tax in Latin American countries," Energy Policy, Elsevier, vol. 114(C), pages 262-273.
    7. Mardones, Cristian & Flores, Belén, 2018. "Effectiveness of a CO2 tax on industrial emissions," Energy Economics, Elsevier, vol. 71(C), pages 370-382.

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