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DOI | 10.1080/14693062.2019.1605969 |
The impact of implementing a consumption charge on carbon-intensive materials in Europe | |
Pollitt H.; Neuhoff K.; Lin X. | |
发表日期 | 2020 |
ISSN | 14693062 |
起始页码 | S74 |
结束页码 | S89 |
卷号 | 20期号:sup1 |
英文摘要 | The production of basic materials accounts for around 25% of global greenhouse gas emissions. Existing measures to reduce emissions from industry are limited due to a combination of competitiveness concerns and a lack of technological options available to producers. In this paper, we assess the possibility of implementing a materials charge to reduce demand for basic industrial products and, hence, also reduce industrial emission levels. The modelling shows that a charge equivalent to around €80/tCO2 could reduce the EU’s total (energy plus process) CO2 emissions by up to 10% by 2050, depending on the substitution options available. The materials charge could lead to small GDP increases and a minor reduction in overall employment levels. Key policy insights Full carbon price pass through along the materials value chain creates incentives for resource efficiency and substitution in the value chain of material use. Most macroeconomic models ignore mitigation opportunities in the value chain, as do carbon pricing mechanisms for industrial emitters, which largely mute incentives for mitigation opportunities with free allowance allocation. Including consumption at a benchmark level in emission trading systems reinstates a full carbon price incentive for all mitigation opportunities while avoiding competitive distortions and carbon leakage risks. Macroeconomic modelling shows that this allows for an additional 10% emission reduction accompanied by a slight GDP increase and employment reduction. Long-term clarity on carbon leakage protection furthermore strengthens low-carbon investment frameworks. © 2019, © 2019 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. |
英文关键词 | carbon pricing; industrial policy; macroeconomic modelling; Resource efficiency incentives |
语种 | 英语 |
scopus关键词 | carbon dioxide; carbon emission; emission control; employment; environmental economics; greenhouse gas; Gross Domestic Product; industrial emission; macroeconomics; Europe |
来源期刊 | Climate Policy |
文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/153297 |
作者单位 | Cambridge Econometrics, Cambridge, United Kingdom; Climate Policy, DIW, Berlin, Germany; Institute for Economics and Law, Technical University Berlin, Berlin, Germany |
推荐引用方式 GB/T 7714 | Pollitt H.,Neuhoff K.,Lin X.. The impact of implementing a consumption charge on carbon-intensive materials in Europe[J],2020,20(sup1). |
APA | Pollitt H.,Neuhoff K.,&Lin X..(2020).The impact of implementing a consumption charge on carbon-intensive materials in Europe.Climate Policy,20(sup1). |
MLA | Pollitt H.,et al."The impact of implementing a consumption charge on carbon-intensive materials in Europe".Climate Policy 20.sup1(2020). |
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