Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7404445 | Energy Policy | 2013 | 11 Pages |
Abstract
Finally, in order to assess the macroeconomic effects of a carbon tax, the carbon tax scenarios were run in HERMES, the ESRI's medium-term macroeconomic model. The results from HERMES show that, a carbon tax of â¬41 per tonne CO2 would lead to a 0.21% contraction in GDP, and a 0.08% reduction in employment. A higher carbon tax would lead to greater contractions in output.
Keywords
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Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Valeria Di Cosmo, Marie Hyland,