Overall Approach of the EU in the Question of Emissions: EU Emissions Trading System and CO2 Taxation

Solilová, Veronika; Nerudová, Danuše

doi:10.1016/s2212-5671(14)00386-4

Cited by 10 publications

(11 citation statements)

References 5 publications

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“…Thus, they appreciate that a Europe-wide taxation on GHG emissions might be more efficient than the present EU-ETS. Solilová and Nerudová [26] also conclude that EU-ETS is not so efficient, not generating enough "investments in low-carbon technologies".…”

Section: Literature Reviewmentioning

confidence: 99%

Fiscal and Budgetary Policy Efforts towards Climate Change Mitigation in Romania

et al. 2021

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To mitigate the negative effects of climate change on the environment, the Member States of the European Union implement fiscal measures and commit budgetary expenditures to ensure sustainable economic development. Romania, in line with the Union’s objectives, resorted to the application of a system of environmental taxes and provided in the budgetary policy government expenditures for environmental protection. The aim of the research is to highlight the effects of these measures on the environment by analysing the short-run and long-run causal relationships between greenhouse gas emissions, green taxes and government expenditures on environmental protection. Autoregressive Distributed Lag (ARDL) method and Granger causality tests were used to demonstrate the existence of these relationships and the intensity with which they manifest. Following the analysis, we identified a significant long-run influence of government spending on environmental protection on greenhouse gas emissions but also numerous short-run and long-run causal relationships between greenhouse gas emissions and green taxes, applied in Romania. The results of the research consider the impact of public expenses for environment protection, a variable not yet applied for Romania, on greenhouse gas emissions’ decrease, in correlation with environmental taxes per source of origin.

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Section: Literature Reviewmentioning

confidence: 99%

Fiscal and Budgetary Policy Efforts towards Climate Change Mitigation in Romania

et al. 2021

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“…Global CO 2 emissions depend on the policies and industrial development of each country. Therefore, the impact of CO 2 emissions varies depending on each country’s environmental legislation and industrialization capacity, as well as population development. , According to annual data, CO 2 emissions increased gradually from 2010 to 2017. After that, very high CO 2 emissions were observed, i.e., ∼34,000 million tons in 2018–2019, which could be due to the soft GDP growth, and the increase in energy prices also did not reduce consumption but increased it every year .…”

Section: Introductionmentioning

confidence: 99%

Photocatalytic Reduction of Carbon Dioxide to Methanol: Carbonaceous Materials, Kinetics, Industrial Feasibility, and Future Directions

2023

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Photocatalytic carbon dioxide reduction (PCCR) for methanol synthesis (CH 3 OH) targeting renewable energy resources is an attractive way to create a sustainable environment and also balance the carbon-neutral series. The application of PCCR to methanol enables the generation of solar energy while reducing CO 2 , killing two birds with one stone in terms of energy and the environment. In recent years, research on CO 2 utilization has focused on hydrogenation of CO 2 to methanol due to global warming. This article mainly focuses on selective carbonaceous materials such as graphene, mesoporous carbon, and carbon nanotubes (CNTs) as catalysts for heterogeneous photocatalytic CO 2 reduction to methanol. In addition, special emphasis will be placed on the state of the art of PCCR catalysts as this type of research will be of great benefit for further development in this field. The main features of the reaction kinetics, techno-economic study, and current technological developments in PCCR are covered in detail.

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“…However, from the beginning of the EU ETS' existence its effectiveness has been debated due to the fact, that during the overall trade period, the carbon price fluctuated between EUR 30 per tonne and EUR 0.02 per tonne of CO2 for one emissions' allowance (European Energy Exchange, 2014). As Borenstein et al (2014) and Solilova & Nerudova (2014) state, the EU ETS' effectiveness may be denied according to the development of the carbon price because the EU ETS does not create a consistent CO2 price signal for strategic environmental investment decisions. For example, in 2013, the average price of greenhouse gas emission allowances was CZK 118.64 per tonne of CO2 (or EUR 4.56 per tonne of CO2).…”

Section: Introductionmentioning

confidence: 99%

The Efficiency of Environmental Policy: Empirical Evidence Based on the Application of Vec Model

Nerudová¹,

Solilová²

2016

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This paper considers the relationship between CO2 as the main variable of climate change and the environmental policy instruments covering environmental taxes and government spending on environmental protection. The effects of the gross domestic product, carbon price, final energy consumption and quality of air were considered using the Vector Error Correction Model. The analysis is based on the survey of environmental policy instruments in the Czech Republic using time series data over the period 1996-2012. The data are extracted from the Eurostat database. The performed research identified negative relationships between CO2 and government spending on environmental protection and between CO2 and carbon price. Furthermore, the research revealed that the government spending on environmental protection and the carbon price have a more significant effect on CO2 than environmental taxes in the Czech Republic. This implies that environmental taxation is mainly used as a source for raising budget revenues in the Czech Republic without any effect on the level of consumption of goods producing CO2 emissions. Therefore, we conclud that currently imposed environmental taxation is inefficient.

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Overall Approach of the EU in the Question of Emissions: EU Emissions Trading System and CO2 Taxation

Cited by 10 publications

References 5 publications

Fiscal and Budgetary Policy Efforts towards Climate Change Mitigation in Romania

Fiscal and Budgetary Policy Efforts towards Climate Change Mitigation in Romania

Photocatalytic Reduction of Carbon Dioxide to Methanol: Carbonaceous Materials, Kinetics, Industrial Feasibility, and Future Directions

The Efficiency of Environmental Policy: Empirical Evidence Based on the Application of Vec Model

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