|Title:||National CO2 policy and externalities : some general equilibrium results for Switzerland|
|Authors :||Felder, Stefan|
|Published in :||Energy economics|
|Publisher / Ed. Institution :||Elsevier|
|License (according to publishing contract) :||Licence according to publishing contract|
|Type of review:||Peer review (publication)|
|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|
|Appears in Collections:||Publikationen School of Management and Law|
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