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Kettner, Claudia [Author]; Leoni, Thomas [Author]; Köberl, Judith [Author]; Kortschak, Dominik [Author]; Kirchner, Mathias [Author]; Sommer, Mark [Author]; Wallenko, Laura [Author]; Bachner, Gabriel [Author]; Mayer, Jakob [Author]; Spittler, Nathalie [Author]; Kulmer, Veronika [Author]

Modelling the Economy-Wide Effects of Unilateral Co2 Pricing Under Different Revenue Recycling Schemes in Austria - Part B

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  • Media type: E-Book
  • Title: Modelling the Economy-Wide Effects of Unilateral Co2 Pricing Under Different Revenue Recycling Schemes in Austria - Part B : Potentials for a Triple Dividend
  • Contributor: Kettner, Claudia [Author]; Leoni, Thomas [Author]; Köberl, Judith [Author]; Kortschak, Dominik [Author]; Kirchner, Mathias [Author]; Sommer, Mark [Author]; Wallenko, Laura [Author]; Bachner, Gabriel [Author]; Mayer, Jakob [Author]; Spittler, Nathalie [Author]; Kulmer, Veronika [Author]
  • Published: [S.l.]: SSRN, [2023]
  • Extent: 1 Online-Ressource (28 p)
  • Language: English
  • DOI: 10.2139/ssrn.4523091
  • Identifier:
  • Keywords: revenue recycling ; macroeconomic impacts ; distributional impacts ; model comparison ; Austria ; Carbon pricing
  • Origination:
  • Footnote:
  • Description: In this paper we identify policy implications for implementing carbon pricing in Austria, taking into account model structure uncertainty (see Part A: Kirchner et al., 2023). Methodologically, we compare the results of two macroeconomic models, DYNK and WEGDYN_AT, to evaluate the effects of carbon pricing under different revenue recycling options. Specifically, we examine the model results with respect to their findings regarding a potential triple dividend, that we define as a reduction in CO2 emissions, positive effects on GDP and employment, and distributionally progressive improvements in household consumption possibilities. Accounting for model structure uncertainty improves the robustness of our results; at least within the macroeconomic frameworks applied here. Our results confirm the tradeoff between equity and efficiency identified in previous analyses. A triple dividend is likely to emerge only for a combination of the recycling options of non-wage labor cost reductions combined with lump-sum per-capita transfers (also known as “climate bonus”)
  • Access State: Open Access