중동부유럽
연구정보
[경제] Climate Policy and the Economy: Evidence from Europe's Carbon Pricing Initiatives
중동부유럽 일반 국외연구자료 연구보고서 NBER 발간일 : 2023-05-23 등록일 : 2023-07-14 원문링크
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This paper investigates the impact of carbon pricing on the economy, with a focus on European carbon taxes and the carbon market. Our analysis reveals three key findings. First, while both policies have successfully reduced emissions, the economic costs of the European carbon market are larger than for national carbon taxes. Second, we explore four factors that explain this difference: fiscal policy and revenue recycling, pass-through and sectoral coverage, spillovers and leakage, and monetary policy. Our findings suggest that all four factors play a significant role. Third, we document substantial regional heterogeneity in the impacts of the carbon market, which crucially depend on the share of freely allocated emission permits and the degree of market concentration in the power sector.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
| 이전글 | [경제] New Technologies and Jobs in Europe | 2023-07-09 |
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| 다음글 | [경제] Income and Tax Burden of the Middle Class in Europe | 2023-08-05 |
