Toward a just energy transition: A distributional analysis of low-carbon policies in the USA

Distributional impacts of environmental policies have become an increasingly important consideration in policymaking. To evaluate the distributional impacts of carbon pricing with different revenue recycling schemes for the USA, we integrate national economic model for the USA with household microda...

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Autores: García-Muros, X., Morris, J., Paltsev, S.
Tipo de recurso: artículo
Fecha de publicación:2022
País:España
Institución:Universidad del País Vasco
Repositorio:Addi. Archivo Digital para la Docencia y la Investigación
OAI Identifier:oai:addi.ehu.eus:10810/56678
Acceso en línea:http://hdl.handle.net/10810/56678
Access Level:acceso abierto
Palabra clave:Carbon pricing
Distributional impacts
Microsimulation
Computable general equilibrium
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spelling Toward a just energy transition: A distributional analysis of low-carbon policies in the USAGarcía-Muros, X.Morris, J.Paltsev, S.Carbon pricingDistributional impactsMicrosimulationComputable general equilibriumDistributional impacts of environmental policies have become an increasingly important consideration in policymaking. To evaluate the distributional impacts of carbon pricing with different revenue recycling schemes for the USA, we integrate national economic model for the USA with household microdata that provides consumption patterns and other socio-economic characteristics for thousands of households. Using this combined model, we explore the distributional impacts and the possible trade-offs between equity and efficiency of different revenue recycling schemes. We find that the choice of revenue recycling scheme has a limited effect on efficiency of the policy, but significant distributional impacts. Our analysis indicates that policy makers can mitigate negative distributional impacts with positive synergies on efficiency.Xaquin Garcia-Muros acknowledges financial support from the European Union's H2020-MSCA-IF-2017 Actions No 796650 (CHANCE project).Energy EconomicsEuropean Commission202220222022info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10810/56678reponame:Addi. Archivo Digital para la Docencia y la Investigacióninstname:Universidad del País VascoInglésinfo:eu-repo/grantAgreement/EC/H2020/796650https://doi.org/10.1016/j.eneco.2021.105769info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/3.0/es/© 2021 The Authors.Atribución-NoComercial-CompartirIgual 3.0 Españaoai:addi.ehu.eus:10810/566782026-06-18T09:23:17Z
dc.title.none.fl_str_mv Toward a just energy transition: A distributional analysis of low-carbon policies in the USA
title Toward a just energy transition: A distributional analysis of low-carbon policies in the USA
spellingShingle Toward a just energy transition: A distributional analysis of low-carbon policies in the USA
García-Muros, X.
Carbon pricing
Distributional impacts
Microsimulation
Computable general equilibrium
title_short Toward a just energy transition: A distributional analysis of low-carbon policies in the USA
title_full Toward a just energy transition: A distributional analysis of low-carbon policies in the USA
title_fullStr Toward a just energy transition: A distributional analysis of low-carbon policies in the USA
title_full_unstemmed Toward a just energy transition: A distributional analysis of low-carbon policies in the USA
title_sort Toward a just energy transition: A distributional analysis of low-carbon policies in the USA
dc.creator.none.fl_str_mv García-Muros, X.
Morris, J.
Paltsev, S.
author García-Muros, X.
author_facet García-Muros, X.
Morris, J.
Paltsev, S.
author_role author
author2 Morris, J.
Paltsev, S.
author2_role author
author
dc.contributor.none.fl_str_mv European Commission
dc.subject.none.fl_str_mv Carbon pricing
Distributional impacts
Microsimulation
Computable general equilibrium
topic Carbon pricing
Distributional impacts
Microsimulation
Computable general equilibrium
description Distributional impacts of environmental policies have become an increasingly important consideration in policymaking. To evaluate the distributional impacts of carbon pricing with different revenue recycling schemes for the USA, we integrate national economic model for the USA with household microdata that provides consumption patterns and other socio-economic characteristics for thousands of households. Using this combined model, we explore the distributional impacts and the possible trade-offs between equity and efficiency of different revenue recycling schemes. We find that the choice of revenue recycling scheme has a limited effect on efficiency of the policy, but significant distributional impacts. Our analysis indicates that policy makers can mitigate negative distributional impacts with positive synergies on efficiency.
publishDate 2022
dc.date.none.fl_str_mv 2022
2022
2022
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10810/56678
url http://hdl.handle.net/10810/56678
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv info:eu-repo/grantAgreement/EC/H2020/796650
https://doi.org/10.1016/j.eneco.2021.105769
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-sa/3.0/es/
© 2021 The Authors.
Atribución-NoComercial-CompartirIgual 3.0 España
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-sa/3.0/es/
© 2021 The Authors.
Atribución-NoComercial-CompartirIgual 3.0 España
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Energy Economics
publisher.none.fl_str_mv Energy Economics
dc.source.none.fl_str_mv reponame:Addi. Archivo Digital para la Docencia y la Investigación
instname:Universidad del País Vasco
instname_str Universidad del País Vasco
reponame_str Addi. Archivo Digital para la Docencia y la Investigación
collection Addi. Archivo Digital para la Docencia y la Investigación
repository.name.fl_str_mv
repository.mail.fl_str_mv
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