Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/12146
Title: | The Environmental and Economic Impact of the Carbon Tax in Australia | Contributor(s): | Meng, Xianming (author) ; Siriwardana, Mahinda (author); McNeill, Judith (author) | Publication Date: | 2013 | DOI: | 10.1007/s10640-012-9600-4 | Handle Link: | https://hdl.handle.net/1959.11/12146 | Abstract: | To fulfil its emission reduction target pledged in the Copenhagen accord, the Australian Government has determined to introduce a carbon tax from July 1st 2012. This paper simulates the effects on the environment and on the economy of a carbon tax of A$23 per tonne of carbon dioxide proposed by the government with, and without, a compensation policy. We employ a computable general equilibrium model with an environmentally extended Social accounting matrix. According to the simulation results, the carbon tax can cut emissions effectively, but will cause a mild economic contraction. Because the price signal is intact, the proposed compensation plan has little impact on emission cuts while significantly mitigating the negative effect of a carbon tax on the economy. | Publication Type: | Journal Article | Source of Publication: | Environmental and Resource Economics, 54(3), p. 313-332 | Publisher: | Springer Netherlands | Place of Publication: | Netherlands | ISSN: | 1573-1502 0924-6460 |
Fields of Research (FoR) 2008: | 140205 Environment and Resource Economics | Fields of Research (FoR) 2020: | 380105 Environment and resource economics | Socio-Economic Objective (SEO) 2008: | 910207 Microeconomic Effects of Taxation 910108 Monetary Policy |
Socio-Economic Objective (SEO) 2020: | 150508 Microeconomic effects of taxation 150208 Monetary policy |
Peer Reviewed: | Yes | HERDC Category Description: | C1 Refereed Article in a Scholarly Journal |
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Appears in Collections: | Journal Article School of Psychology UNE Business School |
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