Using input–output models to estimate sectoral effects of carbon tax policy: Applications of the NGFS scenarios.
The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has engaged in scenario analysis that estimates a $200/ton carbon tax would be required to transition to net zero carbon by 2050. Using a $200/ton carbon tax as a base, this paper uses input–output (IO) modeling to...
| Publicado en: | American Journal of Economics & Sociology Vol. 82; no. 3; pp. 187 - 223 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
May2023
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=163160696&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 163160696 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00029246 AES jtl: American Journal of Economics & Sociology issn: 00029246 maglogo: Y pubinfo: dt: May2023 vid: 82 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 163160696 10.1111/ajes.12503 ppf: 187 ppct: 36 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 1.3MB tig: atl: Using input–output models to estimate sectoral effects of carbon tax policy: Applications of the NGFS scenarios. aug: au: Kay, David Jolley, G. Jason affil: Corporate Economics Group, Wells Fargo & Company, Charlotte North Carolina,, USA Voinovich School of Leadership and Public Service, Ohio University, Athens Ohio,, USA su: Fiscal policy Prices Carbon taxes Tax base Price increases sug: subj: Fiscal policy Prices Public Finance Activities Carbon taxes Tax base Price increases ab: The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has engaged in scenario analysis that estimates a $200/ton carbon tax would be required to transition to net zero carbon by 2050. Using a $200/ton carbon tax as a base, this paper uses input–output (IO) modeling to generate price and revenue effects of a carbon tax. Results from these models, which can only be interpreted as the short‐run, upper‐bound effects of the carbon tax policy, imply that in response to a $200/ton tax on CO2e emissions, carbon‐intensive industries, such as agriculture, extraction, transportation, utilities, and chemicals, may experience price increases in the range of 10‐30 percent. Other industries will also experience price increases, but to a lesser degree, due to increased input costs associated with the tax. In addition, modeling results also suggest that industries facing elastic pricing regimes may face similar‐sized declines in revenues as a consequence of the carbon tax. Rank‐ordered impact results from these models can be utilized by bank supervisors and firms to adequately plan for sectoral‐level transition risk within their lending and/or investment portfolios. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|