Carbon Pricing
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Carbon Pricing

Design, Experiences and Issues

Edited by Larry Kreiser, Mikael S. Andersen, Birgitte E. Olsen, Stefan Speck, Janet E. Milne and Hope Ashiabor

Carbon Pricing reflects upon and further develops the ongoing and worthwhile global debate into how to design carbon pricing, and how to utilize the financial proceeds in the best possible way for society. The world has recently witnessed a significant downward adjustment in fossil fuel prices, which has negative implications for the future of our environment. In light of these negative developments, it is important to understand the benefits of environmental sustainability through well-documented research. This discerning book considers the design of carbon taxes and examines the consequential outcomes of different taxation compositions as regulatory instruments. Expert contributors assess a variety of national experiences to provide an empirical insight into the use of carbon taxes, emissions trading, energy taxes and excise taxes. The overarching discussion concludes that successful policies used by some countries can be implemented in other jurisdictions with minimum new research and experimentation.
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Chapter 9: Long-term climate mitigation and energy use in Austria: the impacts of carbon and energy prices

Kurt Kratena, Ina Meyer and Mark Wolfgang Sommer


The chapter presents energy use scenarios for the Austrian economy up to 2030. These scenarios represent a national approach to forecast energy demand which is embedded in the integrated European strategy to a climate and energy policy that aims to combat climate change, increase the EU’s energy security and strengthen its competitiveness. The scenarios serve as input data for calculating greenhouse gas (GHG) emissions, and as reporting requirements under the Monitoring Mechanism 2013 of the United Nations Framework Convention on Climate Change (UNFCCC). Finally, the energy scenarios serve as a source of information with respect to the European 20-20-20 targets which are also headline targets in the Europe 2020 strategy for smart, sustainable and inclusive growth (European Commission, 2010), namely: a) Reducing GHG emissions by 20 per cent (to 1990 levels) b) Generating 20 per cent of energy use from renewable energy resources c) Improving energy efficiency by 20 per cent. Within the EU climate and energy package (targets a and b), the Effort Sharing Decision establishes binding annual GHG emissions targets for Member States for the period 2013–2020 from sectors not included in the EU Emissions Trading System (EU ETS) such as transport (except aviation), buildings, agriculture and waste.

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