RT info:eu-repo/semantics/article
T1 Introduction of the carbon tax in Italy: Is there room for a quadruple-dividend effect?
A1 Distefano, Tiziano
A1 D’Alessandro, Simone
K1 Ecological macroeconomics
K1 Ecological macroeconomics
K1 Input–output
K1 Inequality
K1 Behavioral change
K1 Policy scenario analysis
K1 3322.05 Fuentes no Convencionales de Energía
AB This study seeks to examine the environmental and societal impacts of a carbon tax in Italy, where the policy has yet to be implemented but has been the subject of much debate. We use numerical simulations based on the EUROGREEN macro-system dynamic model (D’Alessandro et al., 2020) to evaluate the potential benefits and drawbacks of this policy from 2010 to 2050.We employ a sequential scenario approach, starting with a baseline that incorporates Italy’s Integrated National Energy and Climate Plan (PNIEC), followed by the introduction of a gradually increasing carbon tax. Additionally, we test two hypotheses regarding the possible adaptive behaviors of consumers and producers in response to the policy. Our analysis evaluates the long-term impacts of the carbon tax on GDP, unemployment, public debt, carbon emissions, and income inequality, in pursuit of a ”quadruple-dividend” effect.Our findings suggest that the carbon tax: (i) has a limited impact on reducing carbon emissions, with a difference of only 2% compared to the PNIEC by 2050, (ii) has the potential to mitigate regressive effects through the redistribution of its revenue to low-income households, resulting in an improvement of approximately 2 Gini-points compared to the PNIEC, and (iii) can achieve a quadruple-dividend effect only if consumers and industries adapt their behavior to the policy.Our research argues that Italy could reap the benefits of a carbon tax, with the revenue being redistributed to low-income households, leading to a more equitable and sustainable energy transition. This can only be achieved by combining top-down policies with bottom-up initiatives and public interventions, making environmental taxation more acceptable to the general public.
PB Elsevier
SN 0140-9883
YR 2023
FD 2023
LK https://uvadoc.uva.es/handle/10324/67469
UL https://uvadoc.uva.es/handle/10324/67469
LA spa
NO Tiziano Distefano, Simone D’Alessandro, Introduction of the carbon tax in Italy: Is there room for a quadruple-dividend effect?, Energy Economics, Volume 120, 2023, 106578, ISSN 0140-9883, https://doi.org/10.1016/j.eneco.2023.106578.
NO Producción Científica
DS UVaDOC
RD 26-jun-2024