Environmental externalities call for the use of environmental taxes to get prices right and thereby reduce environmental pressures. To date, however, the Spanish government makes only limited use of environmental taxes. One major reason for the policy reluctance are concerns on the regressive impacts of environmental taxes. We argue that policy can hedge against these concerns by means of revenue recycling. More specifically, we assess the impacts of a green tax reform where additional revenues are redistributed lump-sum to Spanish households on an equal-per-capita basis. Based on quantitative evidence from coupled microsimulation and computable equilibrium analyses we find that such a green tax reform leads to a substantial reduction in harmful emissions while having a progressive impact.
Environmental change constitutes a risk to the sustainability of economic activities, within deltas and the wider regions and economies within which they sit. Slow acting environmental change and shocks from extreme events can affect economic activities. Using multiregional input-output tables, extended to include environmental dimensions and combined with Computable General Equilibrium models, flows of economic activities and ecosystem services across supply chains are assessed.
The Paris Agreement introduced an ambitious goal of limiting warming to 1.5 °C above pre-industrial levels. Here we combine a review of modelled pathways and literature on mitigation strategies, and develop a land-sector roadmap of priority measures and regions that can help to achieve the 1.5 °C temperature goal. Transforming the land sector and deploying measures in agriculture, forestry, wetlands and bioenergy could feasibly and sustainably contribute about 30%, or 15 billion tonnes of carbon dioxide equivalent (GtCO2e) per year, of the global mitigation needed in 2050 to deliver on the 1.5 °C target, but it will require substantially more effort than the 2 °C target
The program on Reducing Emissions from Deforestation and Forest Degradation (REDD+) is one of the major attempts to tackle climate change mitigation in developing countries. REDD+ seeks to provide result-based incentives to promote emission reductions and increase carbon sinks in forest land while promoting other cobenefits, such as the conservation of biodiversity.
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