Taxing electricity consumption in Spain: evidence to design the post-Kyoto world
| Autor: | Manuel Alejandro Cardenete Flores, José Manuel Cansino Muñoz-Repiso, Rocío Román Collado, Manuel Ordóñez Ríos |
|---|---|
| Přispěvatelé: | Universidad de Sevilla. Departamento de Análisis Económico y Economía Política, Universidad de Sevilla. ECO2014 – 56399-R:Claves para Desacoplar Crecimiento y Emisiones de Co2 en España |
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: |
Consumption (economics)
Governance Public economics business.industry 020209 energy 05 social sciences Air pollutant emissions GHG management 02 engineering and technology Tax reform Social security Incentive Market-based mechanisms 0502 economics and business Mitigation measures 0202 electrical engineering electronic engineering information engineering Economics Electricity Economic impact analysis 050207 economics Price of stability business General Environmental Science Efficient energy use |
| Zdroj: | Brújula Universidad Loyola Andalucía idUS. Depósito de Investigación de la Universidad de Sevilla instname |
| Popis: | Due to the relevance of fossil fuels in the electricity matrix in Spain, the electrical sector plays a crucial role in mitigation policies such as carbon taxes. Increased prices of electricity can act as an incentive to enhance energy efficiency contributing to CO2 abatement. This paper evaluates a tax on electricity consumption (ECT). Focusing on energy efficiency commitments for Spain as established by EU Authorities for Horizon 2020 (H2020), a pricing model was created to assess economic impacts and its effectiveness in meeting this commitment. The analysis was performed by considering two scenarios, without (Scenario 1) and with (Scenario 2) tax recycling between the new tax and employer-paid social security benefits or contributing to price stability. In Scenario 2, the tax reform is achieved with tax recycling, offsetting the introduction of the ECT by reducing employer-paid social security payments. Two alternative restrictions on the tax reform were considered for the simulation of Scenario 2. In the first case, a restriction was imposed to ensure revenue neutrality (2-I). In the second case, the restriction ought to maintain price stability (2-II). Results from different scenarios offer an important range of possibilities for policy decisions. The results show that with a tax rate equal to 1%, there is a remarkable reduction of CO2 emissions from the electricity sector, and the same happens with other sectors that the literature identifies as drivers of such emissions. Junta de Andalucía proyecto SEJ-132 Fundación Roger Torné, Universidad de Sevilla, Cátedra de Economía de la Energía y del Medio Ambiente 1394/0103 Ministerio de Economía y Competitividad ECO2014 – 56399-R Ministerio de Educación de Chile Proyecto FONDECYT 1150025 |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|