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Energy Prices, Taxes and Carbon Dioxide Emissions

Author

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  • Peter Hoeller

    (OECD)

  • Markku Wallin

    (OECD)

Abstract

Taxes levied on the carbon content of fuels (carbon taxes) are being considered in many OECD countries as a possible policy instrument to reduce carbon dioxide emissions. This paper first reviews the policy response in Member countries to the threat of global warming. It then discusses the link between carbon emission intensities and current energy prices, touching also on the relative price effects of current energy policies and the implicit carbon taxes reflected in present energy taxation for different fuels. Finally, the likely size of carbon taxes and associated tax revenue is illustrated by simulations of OECD's GREEN model for equiproportionate emission cuts and a global permit trading system ... Dans la plupart des pays de l'OCDE on-considère les taxes perçues sur les combustibles en fonction de leur teneur en carbone (les taxes sur le carbone) comme un des moyens de réduire les émissions de dioxyde de carbone. Ce document passe en revue les réactions de politique économique des pays Membres face à la menace d'un réchauffement planétaire. Il étudie ensuite le lien entre les prix courants de l'énergie et l'intensité des émissions de carbone ainsi que les effets des politiques énergétiques sur les prix relatifs. Les effets de prix relatifs sont mis en évidence en calculant des taxes implicites sur le carbone qui reflètent le système actuel de taxation de l'énergie pour différents combustibles, Enfin le montant probable des taxes sur le carbone et des taxes sur le revenu qui y sont associées est illustré par des simulations du modèle GREEN de l'OCDE concernant des réductions équiproportionnelles d'émissions et un système global d'échanges de droits d'émissions ...

Suggested Citation

  • Peter Hoeller & Markku Wallin, 1991. "Energy Prices, Taxes and Carbon Dioxide Emissions," OECD Economics Department Working Papers 106, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:106-en
    DOI: 10.1787/356365310851
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    Cited by:

    1. Li, G.C. & Huang, G.H. & Lin, Q.G. & Zhang, X.D. & Tan, Q. & Chen, Y.M., 2011. "Development of a GHG-mitigation oriented inexact dynamic model for regional energy system management," Energy, Elsevier, vol. 36(5), pages 3388-3398.
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    3. Wang, Qiang & Li, Rongrong, 2015. "Cheaper oil: A turning point in Paris climate talk?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1186-1192.
    4. Mathieu-Bolh, Nathalie, 2017. "Can tax reforms help achieve sustainable development?," Resource and Energy Economics, Elsevier, vol. 50(C), pages 135-163.
    5. Belfiori, Elisa & Rezai, Armon, 2024. "Implicit carbon prices," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).
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    11. Gunther Tichy, 1993. "Ökonomische Auswirkungen einer Energieabgabe in Österreich," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 19(3), pages 315-327.
    12. Peter Bohm & Bjorn Larsen, 1994. "Fairness in a tradeable-permit treaty for carbon emissions reductions in Europe and the former Soviet Union," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(3), pages 219-239, June.
    13. Almansoori, Ali & Betancourt-Torcat, Alberto, 2015. "Design optimization model for the integration of renewable and nuclear energy in the United Arab Emirates’ power system," Applied Energy, Elsevier, vol. 148(C), pages 234-251.
    14. repec:clr:wugarc:y:1993:v:19i:3p:315 is not listed on IDEAS
    15. Shu-Chen Chang, 2015. "Threshold effect of foreign direct investment on environmental degradation," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 14(1), pages 75-102, December.
    16. Max Keilbach, 1995. "Estimation of the value of the marginal product of emission in a country where emissions output is regulated — an empirical study," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 5(3), pages 305-319, April.
    17. Syeda Tayyaba Ijaz & Sumayya Chughtai, 2022. "The Impact of Financial, Economic and Environmental Factors on Energy Efficiency, Intensity, and Dependence: The Moderating Role of Governance and Institutional Quality," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 15-31, July.
    18. Wang, Qiang & Li, Rongrong, 2016. "Impact of cheaper oil on economic system and climate change: A SWOT analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 925-931.
    19. Emmanuel Okewu & Sanjay Misra & Rytis Maskeliūnas & Robertas Damaševičius & Luis Fernandez-Sanz, 2017. "Optimizing Green Computing Awareness for Environmental Sustainability and Economic Security as a Stochastic Optimization Problem," Sustainability, MDPI, vol. 9(10), pages 1-17, October.
    20. Apoorva Gurtu & Vidhisha Vyas & Amulya Gurtu, 2022. "Emissions Reduction Policies and Their Effects on Economy," JRFM, MDPI, vol. 15(9), pages 1-17, September.
    21. Claudia Kettner-Marx & Daniela Kletzan-Slamanig & Mathias Kirchner & Mark Sommer & Kurt Kratena & Stefan E. Weishaar & Irene Burgers, 2018. "CATs – Carbon Taxes in Austria. Implementation Issues and Impacts," WIFO Studies, WIFO, number 61185, April.
    22. Larsen, Bjorn & Shah, Anwar & DEC, 1992. "World fossil fuel subsidies and global carbon emissions," Policy Research Working Paper Series 1002, The World Bank.
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    24. Kurt Kratena, 1992. "Steuer- und Transfersysteme im internationalen Vergleich (III)," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 18(4), pages 449-469.
    25. Larsen, Bjorn, 1994. "World fossil fuel subsidies and global carbon emissions in a model with interfuel substitution," Policy Research Working Paper Series 1256, The World Bank.

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