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An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model

التفاصيل البيبلوغرافية
العنوان: An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model
المؤلفون: Soocheol Lee, Hector Pollitt, Kazuhiro Ueta
المصدر: The Scientific World Journal, Vol 2012 (2012)
بيانات النشر: Wiley, 2012.
سنة النشر: 2012
المجموعة: LCC:Technology
LCC:Medicine
LCC:Science
مصطلحات موضوعية: Technology, Medicine, Science
الوصف: This paper analyses the potential economic and environmental effects of carbon taxation in Japan using the E3MG model, a global macroeconometric model constructed by the University of Cambridge and Cambridge Econometrics. The paper approaches the issues by considering first the impacts of the carbon tax in Japan introduced in 2012 and then the measures necessary to reduce Japan’s emissions in line with its Copenhagen pledge of −25% compared to 1990 levels. The results from the model suggest that FY2012 Tax Reform has only a small impact on emission levels and no significant impact on GDP and employment. The potential costs of reducing emissions to meet the 25% reduction target for 2020 are quite modest, but noticeable. GDP falls by around 1.2% compared to the baseline and employment by 0.4% compared to the baseline. But this could be offset, with some potential economic benefits, if revenues are recycled efficiently. This paper considers two revenue recycling scenarios. The most positive outcome is if revenues are used both to reduce income tax rates and to increase investment in energy efficiency. This paper shows there could be double dividend effects, if Carbon Tax Reform is properly designed.
نوع الوثيقة: article
وصف الملف: electronic resource
اللغة: English
تدمد: 1537-744X
Relation: https://doaj.org/toc/1537-744X
DOI: 10.1100/2012/835917
URL الوصول: https://doaj.org/article/dfb7bd0af1a44c15aa8ab37d1e7ab9ab
رقم الأكسشن: edsdoj.fb7bd0af1a44c15aa8ab37d1e7ab9ab
قاعدة البيانات: Directory of Open Access Journals
الوصف
تدمد:1537744X
DOI:10.1100/2012/835917