Meng, Xianming; Siriwardana, Mahinda; McNeill, Judith

Author(s)

Meng, Xianming

Siriwardana, Mahinda

McNeill, Judith

Publication Date

2015

Abstract

The paper employs a computable general equilibrium (CGE) model with an environmentally-extended Social Accounting Matrix (SAM) to simulate the effects of a carbon tax of $23 per tonne of carbon dioxide on different economic agents, with and without a compensation policy. According to the simulation results, the carbon tax can cut emissions effectively, but will cause a mild economic contraction. The proposed compensation plan has little impact on emission cuts while significantly mitigating the negative effect of a carbon tax on the economy. The effect on various employment occupations is mildly negative, ranging from -0.6% to -1.7%, with production and transport workers worst affected.

Citation

International Journal of Social Science and Humanity, 5(6), p. 514-519

ISSN

2010-3646

Link

https://hdl.handle.net/1959.11/18101

Publisher

International Association of Computer Science and Information Technology (IACSIT)

Title

The Environmental and Employment Effect of Australian Carbon Tax

Type of document

Journal Article

Entity Type

Publication

Author(s)	Meng, Xianming Siriwardana, Mahinda McNeill, Judith
Publication Date	2015
Abstract	The paper employs a computable general equilibrium (CGE) model with an environmentally-extended Social Accounting Matrix (SAM) to simulate the effects of a carbon tax of $23 per tonne of carbon dioxide on different economic agents, with and without a compensation policy. According to the simulation results, the carbon tax can cut emissions effectively, but will cause a mild economic contraction. The proposed compensation plan has little impact on emission cuts while significantly mitigating the negative effect of a carbon tax on the economy. The effect on various employment occupations is mildly negative, ranging from -0.6% to -1.7%, with production and transport workers worst affected.
Citation	International Journal of Social Science and Humanity, 5(6), p. 514-519
ISSN	2010-3646
Link	https://hdl.handle.net/1959.11/18101
Publisher	International Association of Computer Science and Information Technology (IACSIT)
Title	The Environmental and Employment Effect of Australian Carbon Tax
Type of document	Journal Article
Entity Type	Publication

The Environmental and Employment Effect of Australian Carbon Tax

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