Subsidizing Household Capital: How Does Energy Efficiency Policy Compare to a Carbon Tax?
This study uses a general equilibrium model to compare environmental and economic outcomes of two policies: (1) a tax credit of 10 percent of the price of household capital that is 20 percent more energy efficient than its unsubsidized counterpart, assuming half of new household investment qualifies for the credit; and (2) a tax starting at 30 (2007) per metric ton of CO2 rising five percent annually. By 2040, the carbon tax and tax credit reduce emissions by about 60 1.5 percent, respectively....[Show more]
|Collections||ANU Research Publications|
|Source:||The Energy Journal|
|01_McKibbin_Subsidizing_Household_Capital:_2011.pdf||492.53 kB||Adobe PDF||Request a copy|
|02_McKibbin_Subsidizing_Household_Capital:_2011.pdf||40.43 kB||Adobe PDF||Request a copy|
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