AGE assessment of interactions between climate change policy instruments and pre-existing taxes: the case of Ireland

W.W. Wissema, R.B. Dellink

Research output: Contribution to journalArticleAcademicpeer-review

3 Citations (Scopus)

Abstract

We introduce a computable general equilibrium model for Ireland to investigate the impact of climate policy on the Irish economy, taking special notice of interactions with the existing tax structure. To this end, we extend the model with a detailed representation of the tax system using separate tax data on all transactions, both intermediate and final demand. We simulate the implementation of auctioned CO2 emissions trading and specific CO2 taxation in Ireland and compare different methods to recycle the revenues. The extended tax specification facilitates a thorough second-best analysis.
Original languageEnglish
Pages (from-to)46-62
JournalInternational Journal of Global Environmental Issues
Volume10
Issue number1/2
DOIs
Publication statusPublished - 2010

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taxes
Ireland
climate change
tax system
computable general equilibrium analysis
emissions trading
climate policy
equilibrium model
interaction
environmental policy
transaction
revenue
economy
demand
tax
policy instrument
analysis
method

Cite this

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AGE assessment of interactions between climate change policy instruments and pre-existing taxes: the case of Ireland. / Wissema, W.W.; Dellink, R.B.

In: International Journal of Global Environmental Issues, Vol. 10, No. 1/2, 2010, p. 46-62.

Research output: Contribution to journalArticleAcademicpeer-review

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AB - We introduce a computable general equilibrium model for Ireland to investigate the impact of climate policy on the Irish economy, taking special notice of interactions with the existing tax structure. To this end, we extend the model with a detailed representation of the tax system using separate tax data on all transactions, both intermediate and final demand. We simulate the implementation of auctioned CO2 emissions trading and specific CO2 taxation in Ireland and compare different methods to recycle the revenues. The extended tax specification facilitates a thorough second-best analysis.

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