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Carbon Taxation, Fuel Substitution and Welfare in Australia.
- Source :
- Australian Economic Review; Mar2000, Vol. 33 Issue 1, p32, 17p, 9 Charts, 6 Graphs
- Publication Year :
- 2000
-
Abstract
- This paper examines the potential role for fuel substitution in electricity production in reducing carbon dioxide emissions over a ten-year time horizon. This is achieved by adding fuel substitution to output changes resulting from demand responses arising from a tax on carbon dioxide emissions. A time profile of adjustments is developed. The tax required for Australia to meet a 20 per cent reduction in emissions from 1993 levels is calculated and effects on inequality and social welfare are examined. The paper also examines the potential effect of a subsidy towards the use of low- emission fuels, financed from the carbon tax. A subsidy produces an improvement in emissions abatement and a lower tax required to reach the emissions target. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00049018
- Volume :
- 33
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Australian Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 3094430
- Full Text :
- https://doi.org/10.1111/1467-8462.00134