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Assessing the impact of a carbon tax in Ukraine

Title data

Frey, Miriam:
Assessing the impact of a carbon tax in Ukraine.
In: Climate Policy. Vol. 17 (2017) Issue 3 . - pp. 378-396.
ISSN 1752-7457
DOI: https://doi.org/10.1080/14693062.2015.1096230

Abstract in another language

Ukraine has one of the highest levels of CO2 emissions per gross domestic product (GDP) in the world. However, the country committed itself to reduce emissions from stationary sources. To this end, the Ukrainian government passed a law to impose a carbon tax on the use of energy commodities, with a current tax level of 0.26 Ukrainian Hryvnia (UAH) per tCO2 (US$ 0.02 per tCO2). Against this background, it is questioned whether such a low tax level can be expected to have any impact on CO2 emissions at all and which tax level would be consistent with the policy goal of a 22% emission reduction compared with 2007. Thus, using a computable general equilibrium (CGE) model for Ukraine, this article assesses the impact of different carbon tax levels on the Ukrainian economy and the environment. The results confirm that the effects of the current tax level are negligible. In order to achieve the reduction target a carbon tax of around UAH 40 per tCO2 (US$ 3.46 per tCO2) would be necessary. Furthermore, there is also evidence for a strong double dividend.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: carbon tax; CGE; environment; Ukraine
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Economics > Lehrstuhl Volkswirtschaftslehre VI: Empirische Wirtschaftsforschung
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Result of work at the UBT: No
DDC Subjects: 300 Social sciences
300 Social sciences > 330 Economics
Date Deposited: 22 Nov 2017 10:03
Last Modified: 22 Nov 2017 10:03
URI: https://eref.uni-bayreuth.de/id/eprint/40541