Use this url to cite publication: https://hdl.handle.net/20.500.12259/105217
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The contribution of energy taxes to climate change policy in the EU
Type of publication
Straipsnis recenzuojamoje Lietuvos tarptautinės konferencijos medžiagoje / Article in peer-reviewed Lithuanian international conference proceedings (P1e)
Title
The contribution of energy taxes to climate change policy in the EU
Is part of
CYSENI 2019: the 16th international conference of young scientists on energy issues, Kaunas, Lithuania, May 23-24, 2019: proceedings. Kaunas : LEI, 2019, no. 16
Date Issued
Date Issued |
---|
2019 |
Publisher
Kaunas : LEI
Extent
p. 159-167
Field of Science
Abstract
Energy taxes are one of the main market-based tools directed to mitigate climate change in the European Union (EU). Therefore, the aim of this article is to analyse whether energy taxes really contribute to the reduction of greenhouse gas (GHG) emissions and successful implementation of climate change policy. Thus, applying the Granger causality test on time series and using panel data analysis, the direct and indirect (via the reduction of fossil energy consumption and energy intensity as well as the increase of the share of renewable energy consumption) impact of energy taxes on GHG emissions in EU countries was analysed in the present study. The results showed that energy taxes did not Granger cause fossil energy consumption, energy intensity, renewable energy consumption, and GHG emissions in almost all EU countries. Referring to panel data analysis, the results showed that energy taxes did not directly and indirectly influence GHG emissions. These findings reveal that the demand of fossil energy in EU is inelastic and energy tax policy in the EU is ineffective. Thus, tax policy should be reformed and matched with emission trading system seeking climate change mitigation.
Type of document
type::text::journal::journal article::research article
Language
Anglų / English (en)
Coverage Spatial
Lietuva / Lithuania (LT)
Date Reporting
2020