|Title:||Implicit CO2 prices of fossil fuel use in Switzerland|
|Authors :||Schleiniger, Reto|
|Published in :||Energy Policy|
|Publisher / Ed. Institution :||Elsevier|
|License (according to publishing contract) :||Licence according to publishing contract|
|Type of review:||Peer review (publication)|
|Subjects :||CO2 price; External cost; Global warming; Fossil fuel use|
|Subject (DDC) :||330: Economics|
|Abstract:||This study aims to assess the efficiency of the fossil fuel taxation scheme currently in effect in Switzerland. To this end, the concept of implicit CO2 prices is introduced, based on which prices for different fossil fuel uses are derived. Implicit CO2 prices are defined as the difference between actual prices paid by consumers and efficient domestic fuel prices. Efficient domestic fuel prices, in turn, consist of private production costs, a uniform value added tax and only local external costs, not including external costs due to CO2 emissions and global climate change. The resulting prices differ substantially, which suggests that there is considerable cost-saving potential in reducing CO2 emissions in Switzerland. For passenger cars and air traffic, the implicit prices are negative. For these uses, higher fuel charges would therefore be beneficial from a purely domestic perspective, i.e., without considering the negative repercussions of global warming.|
|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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