Analysis of tax incentives for energy-efficient durables in the EU
Climate change is one of the most significant challenges faced by societies this century. Energy consumption is directly associated with CO 2 emissions and climate change. The European Commission has set out emission reduction targets that require a great deal of energy consumption savings in the ne...
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Published in: | Energy policy 2009-12, Vol.37 (12), p.5662-5674 |
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Main Authors: | , , , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that this one cites Items that cite this one |
Online Access: | Get full text |
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Summary: | Climate change is one of the most significant challenges faced by societies this century. Energy consumption is directly associated with CO
2 emissions and climate change. The European Commission has set out emission reduction targets that require a great deal of energy consumption savings in the next 10 years in European countries. This paper presents the results of an analysis of the potential cost-effectiveness of different policy options aimed to foster the production and consumption of energy-efficient appliances in different European countries. Our results suggest that incentives to promote the use of energy-efficient appliances can be cost-effective, but whether or not they are depends on the particular country and the options under consideration. From the cases considered, tax credits on boilers appear to be a cost-effective option in Denmark and Italy, while subsidies on CFLi bulbs in France and Poland are cost-effective in terms of €/ton of CO
2 abated. Comparing the subsidies against the energy tax options, we find that the subsidies are in most cases less cost-effective than the energy tax. |
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ISSN: | 0301-4215 1873-6777 |
DOI: | 10.1016/j.enpol.2009.08.031 |