The latest studies by researchers at the University of Oldenburg (Germany), the Basque Center for Climate Change, and the MIT Joint Program on the Science and Policy of Global Change shows that low-income households in Spain can actually benefit from environmental taxes if revenues are redistributed to all taxpayers. Using a computational model to assess the environmental and economic impacts of a green tax reform policy in which revenues are recycled in equal amounts to households in annual lump-sum payments, the researchers found that the policy significantly reduces emissions without imposing economic hardship on any segment of the population.
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.
BC3 – Basque Centre for Climate Change former cientific director Anil Markandya took part this week at the fourteenth meeting of the Conference of the Parties to the UN Convention to Combat Desertification (UNCCD COP 14). This conference was scherduled to take place from 2-13 September 2019, at the India Expo Center and Mart in New Delhi, India.
Part of the side event “Economics of land degradation: Development Alternatives, WOTR & the ELD Initiative” the Distinguished Ikerbasque Professor Markandya gave a presentation about “Economics of Land Degatation: Insights from an evaluation study in Bundelhand by Development Alternatives Group”.
BC3 - Basque Centre for Climate Change recibe el distintivo María de Maeztu de la mano del Ministro de Ciencia, Innovación y Universidades de España Pedro Duque.La directora científica del centro María José Sanz ha acudido a la entrega de distintivos donde destaco la importancia de la "ciencia del cambio climático desde un enfoque transdisciplinar, fomentando la coproducción de conocimiento relevante para la toma de decisiones e integrando las dimensiones ambientales, socioeconómicas y éticas del cambio climático." María José Sanz
New blog post on upcoming collaboration wit the IDB to connect ecosystem services to economic (CGE) models and make underlying data and models FAIR. Under the title "Developing Tools for Valuing Natural Capital’s Contribution to Economic Well-Being: OPEN IEEM" Ferdinando Villa, BC3 Ikerbasque researcher, Onil Banerjee from Natural Resource Economist with the IDB, Kenneth J Bagstad from Research Economist with the U.S. Geological Survey in Denver and Martin Cicowiez from researcher at the Center for Distributive, Labor and Social Studies explains the advancements on linking the IEEM platform with Ecosystem Services Values and to the contribution to economic well-being.
Financiado por el Ministerio de Ciencia Innovación y Universidades y la Agencia Estatal de Investigación,
a través de la Convocatoria: Maria de Maeztu 2017 (BOE 21/10/2017) siendo la referencia de nuestro expediente: MDM-2017-0714
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