A linked econometric input-output (IO) model of the Austrian economy with an energy block is used in this study to assess the sectoral effects of carbon dioxide emissions reduction. The energy block and the other commodities are linked by a partitioned IO model. Energy demand is described using...

This paper analyses the effects of energy taxation on the Austrian economy. Simulations are carried out with a linked input-output macromodel. The macroeconomic effects of an energy tax on economic growth, employment, the rate of inflation (change in the consumer price index), the budget deficit...

The EU Emission Trading Scheme (EU ETS) is a key instrument in European climate policy. Evidence from the first trading period (2005-2007) and the first year of the Kyoto period 2008 dampened, however, ex-ante enthusiasm: because of substantial over-allocation of emissions allowances in the...

As of the start of 2005, plans within the European Union provide for carbon dioxide emissions to be limited by a so-called cap-and-trade system for the most energy-intensive industries in all 25 EU member states. The scheme is based on the emissions trading directive ("Directive 2003/87/EC of...

Almost all model simulations of CO<Subscript>2</Subscript> reduction policies focus on the effects of changes in the relative price of energy compared to the other factors of production caused by various energy taxation schemes. Typical results of these simulations as reported e.g. from the GREEN model of OECD show...</subscript>