Distributional effects of carbon pricing in Brazil under the Paris Agreement

Garaffa, Rafael; Cunha, Bruno; Cruz, Talita; Bezerra, Paula; Lucena, André F.P.; Gurgel, Angelo

doi:10.1016/j.eneco.2021.105396

Cited by 25 publications

(6 citation statements)

References 32 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…a multi-regional computable general equilibrium (CGE) model to assess the impact of the carbon price on households in the Brazilian context. The authors concluded that further carbonintensive infrastructure investments could be prevented using carbon pricing [29]. On the other hand, a study on Malaysia has shown that carbon price effects are negligible on the country's economic activities.…”

Section: Literature Reviewmentioning

confidence: 99%

A Principal-Agent Approach for the Effective Design of a Renewable Energy Incentive for a Heavily Subsidized Residential Sector: The Case of Qatar

et al. 2023

View full text Add to dashboard Cite

Qatar's per capita electricity consumption is one of the highest in the world, mainly due to the availability of heavily subsidized electricity. The residential sector alone accounts for 60% of produced electricity. The effectiveness of imposing regulatory measures that aim to reduce consumption, such as carbon pricing and rebates, depends on the design of the introduced policy, region dynamics, and population characteristics. Using principal-agent theory, this study addresses the agency problem between the government and households by proposing a policy that aims to incentivize households to shift towards renewable energy sources and reduce their overall energy demand. The study quantifies the potential impact of the policy over a period of five years and estimates that 495 GWh of electricity could be saved, resulting in a significant reduction of 203,710 Tons of CO2e emissions. The cost of implementing the policy is estimated to be 0.838 billion Qatari riyals. The effect of varying model parameters on incentive design is investigated, and a detailed financial analysis is conducted based on the * a, t represents the dependence of variable on action and/or time

show abstract

Section: Literature Reviewmentioning

confidence: 99%

A Principal-Agent Approach for the Effective Design of a Renewable Energy Incentive for a Heavily Subsidized Residential Sector: The Case of Qatar

et al. 2023

View full text Add to dashboard Cite

show abstract

“…Their results indicate that redistribution of revenues from the carbon tax in the form of direct transfers to households reduces income inequality at both tax levels. Garaffa et al (2021) compares six alternative scenarios with the aid of a Computable General Equilibrium (CGE) model and finds that carbon pricing in Brazil leads to welfare losses in the absence of revenue recycling or even when carbon revenues are used to finance rebates on labor and on sales taxes.…”

Section: Financing Of Basic Incomementioning

confidence: 99%

Toward a green income support policy: investigating social and fiscal alternatives for Turkey

Doğan¹,

Tekgüç

Yeldan

2023

New Perspect. Turk.

View full text Add to dashboard Cite

The limited success of employment-based social protection measures under the diverging patterns of post-COVID-19 recovery rekindled interest in a social policy framework known as the Basic Income (BI) support. We test the potential of the BI program using five alternative scenarios ranging from households with income less than half of median income to all adults with estimates of their respective fiscal costs. We then employ an applied general equilibrium model to analyze the economy-wide effects and welfare implications for Turkey in the long run through 2030. We evaluate the macroeconomic and welfare effects of both a business-as-usual fiscal program and an alternative (green BI scenario) comprising of (i) carbon tax levied on the fossil fuel producing industry; (ii) corporate income taxation policy reform that aims at expanding the revenue base and consolidation of the fiscal space of the government; and (iii) restructuring of public consumption expenditures by introducing rationality and efficiency in the structure of fiscal expenditures. Our model solutions reveal that a green BI scenario not only achieves a higher GDP and welfare in the medium to long run but also helps Turkey to reduce its carbon emissions in line with the global policy challenges of a green recovery.

show abstract

“…While there is considerable debate about the best mechanism to reduce emissions under a climate policy (da Silva Freitas et al, 2016), there are only a few studies about carbon pricing schemes in the Brazilian case. A relevant portion of the literature refers to the distributional impacts of carbon pricing in Brazil, even though most studies do not focus on the energy system implications (Garaffa et al, 2021;Grottera et al, 2017;La Rovere et al, 2018;Moz-Christofoletti and Pereda, 2021;Wills et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Energy policy implications of carbon pricing scenarios for the Brazilian NDC implementation

et al. 2022

View full text Add to dashboard Cite

Distributional effects of carbon pricing in Brazil under the Paris Agreement

Cited by 25 publications

References 32 publications

A Principal-Agent Approach for the Effective Design of a Renewable Energy Incentive for a Heavily Subsidized Residential Sector: The Case of Qatar

A Principal-Agent Approach for the Effective Design of a Renewable Energy Incentive for a Heavily Subsidized Residential Sector: The Case of Qatar

Toward a green income support policy: investigating social and fiscal alternatives for Turkey

Energy policy implications of carbon pricing scenarios for the Brazilian NDC implementation

Contact Info

Product

Resources

About