Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Carbon taxation and climate policy Location: Auditorium C: Thore Johnsen Session Chair: Rik Rozendaal, Tilburg University | |
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EU-wide carbon pricing: macroeconomic effects and distributional implications Austrian Institute of Economic Research (WIFO), Austria While the EU-wide carbon price has already been adopted for the buildings and transport sectors with ETS 2, detailed analyses of the macroeconomic and distributional effects (both within and be-tween countries) are scarce. We use the macroeconomic model ADAGIO to estimate the effects of EU-wide carbon pricing. For two case study countries (Austria and Poland), which differ considera-bly in terms of the structure of their energy systems and economies, results are discussed along with the EU 27. We focus on the macroeconomic and GHG effects of the introduction of a carbon price under various revenue recycling options. Moreover, the distributional effects of the policy scenarios are investigated. The introduction of carbon pricing leads to negative macroeconomic ef-fects for the EU 27, which vary in level depending on the recycling option as well as the assumed model closure and exchange rates. For Austria and Poland, slightly positive macroeconomic effects are found in some simulations. Additionally, our analysis confirms the efficiency-equity trade-off in the context of carbon pricing with respect to different revenue recycling options | |