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 language | English |
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Pages (from-to) | 46-62 |
Journal | International Journal of Global Environmental Issues |
Volume | 10 |
Issue number | 1/2 |
DOIs | |
Publication status | Published - 2010 |