Carraro, Carlo; Favero, Alice; Massetti, Emanuele - In: Energy Economics 34 (2012) S1, pp. 15-15
induced by carbon taxation. Four global tax scenarios are examined using the integrated assessment model WITCH. Taxes are … energy-related R&D increase in all tax scenarios, but they are a small fraction of GDP. Investments in oil upstream decline … in all scenarios. As a result, total investments decline with respect to the Reference scenario. Carbon tax revenues are …