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Discussion of “The Association Between Energy Taxation, Participation in an Emissions Trading System, and the Intensity of Carbon Dioxide Emissions in the European Union”

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  • Charitou, Andreas

Abstract

Even though the role of energy taxes on emissions has been examined extensively in recent years, there has been limited empirical research on the effect of implicit tax rates on energy on emissions in the European Union. In particular, at the pre-implementation of ETS (Emissions Trading System) era, Jeffrey and Perkins (2015) showed that there was an inverse relationship between a) implicit tax rates on energy and fuel with lower carbon content (effectiveness) and b) implicit tax rates on energy and consuming less fuel per unit of output (efficiency). However, at the post ETS era, they found that only the latter relationship exists and they posit that even though the energy taxation is not generally associated with the effectiveness, this is mainly due to ETS participation. Future research on emissions should consider a) whether energy taxation motivates investment activities (spending) and initiatives for reducing pollution and if so, their nature and b) whether energy taxation could be an impetus to renewable resources.

Suggested Citation

  • Charitou, Andreas, 2015. "Discussion of “The Association Between Energy Taxation, Participation in an Emissions Trading System, and the Intensity of Carbon Dioxide Emissions in the European Union”," The International Journal of Accounting, Elsevier, vol. 50(4), pages 418-426.
    • Handle: RePEc:eee:accoun:v:50:y:2015:i:4:p:418-426
    DOI: 10.1016/j.intacc.2015.10.002
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    References listed on IDEAS

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    1. Martin Freedman & Ora Freedman & A.J. Stagliano, 2012. "Greenhouse gas disclosures: evidence from the EU response to Kyoto," International Journal of Critical Accounting, Inderscience Enterprises Ltd, vol. 4(3), pages 237-264.
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    5. Jeffrey, Cynthia & Perkins, Jon D., 2015. "Reply to Discussion of “The Association between Energy Taxation, Participation in an Emissions Trading System, and the Intensity of Carbon Dioxide Emissions in the European Union”," The International Journal of Accounting, Elsevier, vol. 50(4), pages 427-434.
    6. Jeffrey, Cynthia & Perkins, Jon D., 2015. "The association between energy taxation, participation in an emissions trading system, and the intensity of carbon dioxide emissions in the European Union," The International Journal of Accounting, Elsevier, vol. 50(4), pages 397-417.
    7. Aldy, Joseph E. & Ley, Eduardo & Parry, Ian, 2008. "A Tax–Based Approach to Slowing Global Climate Change," National Tax Journal, National Tax Association;National Tax Journal, vol. 61(3), pages 493-517, September.
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    More about this item

    Keywords

    Energy taxation; Emissions trading system (ETS); European Union;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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