Journal
ENERGY ECONOMICS
Volume 78, Issue -, Pages 312-323Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.eneco.2018.11.027
Keywords
Energy transition; Environmental taxation; Computable general equilibrium; Renewables
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Funding
- European Union's Horizon 2020 - Research and Innovation Framework Programme under the Marie Sklodowska-Curie Grant [654189]
- Marie Curie Actions (MSCA) [654189] Funding Source: Marie Curie Actions (MSCA)
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An energy transition toward clean energy sources would reduce environmental impacts. One proposal to trigger this energy transition uses economic instruments, particularly environmental taxes. This research studies the potential impact of taxes on electricity on the environment and the economy. Using a dynamic computable general equilibrium model for Spain with energy and environmental extensions, we assess their current impact on GDP growth, energy use, and a set of different pollutant emissions. Then we propose a reform that would foster an energy transition toward clean energies and assess their economic and environmental impact. We find that only taxing the production of electricity by coal, oil, and natural gas can be better for the environment and economy than taxing all forms of electricity production in a revenue-neutral context. Moreover, the production of electricity by biomass, though considered renewable, is an important source of pollutant emissions and, in these terms, should have less importance in an energy transition. (C) 2018 The Author(s). Published by Elsevier B.V.
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