Title: National CO2 policy and externalities : some general equilibrium results for Switzerland
Authors : Felder, Stefan
Schleiniger, Reto
Published in : Energy economics
Volume(Issue) : 24
Issue : 5
Pages : 509
Pages to: 522
Publisher / Ed. Institution : Elsevier
Issue Date: 2002
License (according to publishing contract) : Licence according to publishing contract
Type of review: Peer review (publication)
Language : English
Subjects : Externality; Policy; CO2
Subject (DDC) : 333.7: Land, recreational areas and energy
Abstract: Switzerland, following the Kyoto agreement, plans to reduce CO2 emissions by 10% over the next decade with a tax on the use of fossil fuels. This policy, while having a marginal effect on global CO2 emission levels, will have a positive effect on local environmental quality. However, since different sources of energy produce different local external effects, a uniform CO2 tax is ill targeted. This paper shows that a policy setting tax rates equal to the lower bounds of the estimated local marginal external effects would reduce the national CO2 level by 30%. Using a computable general equilibrium model of the Swiss economy, it also finds substantial efficiency gains of Pigovian taxes as compared to a uniform CO2 tax.
Departement: School of Management and Law
Organisational Unit: Center for Energy and Environment (CEE)
Publication type: Article in scientific journal
DOI : 10.1016/S0140-9883(02)00004-X
ISSN: 0140-9883
URI: https://digitalcollection.zhaw.ch/handle/11475/13133
Appears in Collections:Publikationen School of Management and Law

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