Consequences of a Higher Carbon Price in the EU — Who Will Win, Who Will Lose?

Abstract If the EU is to achieve its ambitious climate protection targets, prices for greenhouse gas emissions will rise noticeably in the next few years. This has economic implications not only for the EU member countries, but also for the rest of the world. This article presents the results of sim...

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Autores principales:	Hendrik Mahlkow, Thieß Petersen, Joschka Wanner
Formato:	article
Lenguaje:	DE
Publicado:	Springer 2021
Materias:	Economic theory. Demography HB1-3840 Social history and conditions. Social problems. Social reform HN1-995
Acceso en línea:	https://doaj.org/article/7b94c650d798451cb5171bfe1eb2725c
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spelling	oai:doaj.org-article:7b94c650d798451cb5171bfe1eb2725c2021-11-21T12:29:10ZConsequences of a Higher Carbon Price in the EU — Who Will Win, Who Will Lose?10.1007/s10273-021-3048-50043-62751613-978Xhttps://doaj.org/article/7b94c650d798451cb5171bfe1eb2725c2021-11-01T00:00:00Zhttps://doi.org/10.1007/s10273-021-3048-5https://doaj.org/toc/0043-6275https://doaj.org/toc/1613-978XAbstract If the EU is to achieve its ambitious climate protection targets, prices for greenhouse gas emissions will rise noticeably in the next few years. This has economic implications not only for the EU member countries, but also for the rest of the world. This article presents the results of simulations covering 141 countries/regions and 65 economic sectors. The economic impact of the EU increasing its carbon price by $50 is calculated. In addition to the effects on real GDP and sectoral production, the consequences for the volume of emissions are also calculated. The carbon price increase is found to effectively bring down emissions, though with non-negligible leakage effects and at very heterogenous costs, both across countries and across sectors.Hendrik MahlkowThieß PetersenJoschka WannerSpringerarticleEconomic theory. DemographyHB1-3840Social history and conditions. Social problems. Social reformHN1-995DEWirtschaftsdienst, Vol 101, Iss 11, Pp 870-877 (2021)
institution	DOAJ
collection	DOAJ
language	DE
topic	Economic theory. Demography HB1-3840 Social history and conditions. Social problems. Social reform HN1-995
spellingShingle	Economic theory. Demography HB1-3840 Social history and conditions. Social problems. Social reform HN1-995 Hendrik Mahlkow Thieß Petersen Joschka Wanner Consequences of a Higher Carbon Price in the EU — Who Will Win, Who Will Lose?
description	Abstract If the EU is to achieve its ambitious climate protection targets, prices for greenhouse gas emissions will rise noticeably in the next few years. This has economic implications not only for the EU member countries, but also for the rest of the world. This article presents the results of simulations covering 141 countries/regions and 65 economic sectors. The economic impact of the EU increasing its carbon price by $50 is calculated. In addition to the effects on real GDP and sectoral production, the consequences for the volume of emissions are also calculated. The carbon price increase is found to effectively bring down emissions, though with non-negligible leakage effects and at very heterogenous costs, both across countries and across sectors.
format	article
author	Hendrik Mahlkow Thieß Petersen Joschka Wanner
author_facet	Hendrik Mahlkow Thieß Petersen Joschka Wanner
author_sort	Hendrik Mahlkow
title	Consequences of a Higher Carbon Price in the EU — Who Will Win, Who Will Lose?
title_short	Consequences of a Higher Carbon Price in the EU — Who Will Win, Who Will Lose?
title_full	Consequences of a Higher Carbon Price in the EU — Who Will Win, Who Will Lose?
title_fullStr	Consequences of a Higher Carbon Price in the EU — Who Will Win, Who Will Lose?
title_full_unstemmed	Consequences of a Higher Carbon Price in the EU — Who Will Win, Who Will Lose?
title_sort	consequences of a higher carbon price in the eu — who will win, who will lose?
publisher	Springer
publishDate	2021
url	https://doaj.org/article/7b94c650d798451cb5171bfe1eb2725c
work_keys_str_mv	AT hendrikmahlkow consequencesofahighercarbonpriceintheeuwhowillwinwhowilllose AT thießpetersen consequencesofahighercarbonpriceintheeuwhowillwinwhowilllose AT joschkawanner consequencesofahighercarbonpriceintheeuwhowillwinwhowilllose
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Consequences of a Higher Carbon Price in the EU — Who Will Win, Who Will Lose?

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