Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.08.051 |
The impact of phasing out fossil fuel subsidies on the low-carbon transition | |
Monasterolo, Irene1; Raberto, Marco2 | |
2019 | |
发表期刊 | ENERGY POLICY
![]() |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 124页码:355-370 |
文章类型 | Article |
语种 | 英语 |
国家 | Austria; Italy |
英文摘要 | There is growing consensus on the fact that fossil fuel subsidies provided by governments in high-income countries represent a misalignment on emissions' reduction with the global climate agenda. In addition, a discussion emerged on the negative socio-economic and environmental externalities associated with fossil fuel subsidies. Nevertheless, pathways for phasing out fossil fuel subsidies in high income countries and their implications on the low-carbon transition have not yet been assessed. With the aim to narrow this knowledge gap, we extend the EIRIN Stock-Flow Consistent behavioral model to study the implications on sustainable development of the gradual phasing out of fossil fuels subsidies, whose revenues could be used by the government to subsidize energy investments in green capital (e.g. solar panels), either via fiscal policies or green bonds. We assess the effects on green growth, employment, credit and bonds market, as well as the distributive effects across heterogeneous households and sectors. A smooth phasing out of fossil fuels subsidies contributes to improve macroeconomic performance, to decrease inequality and helps the government to find fiscal space to support stable renewable energy policies. Renewable energy subsidies contribute to foster the low-carbon transition but could imply distributive effects, depending on the way in which they are implemented. |
英文关键词 | Fossil fuel subsidies Renewable energy Green energy policies Green bonds Stock-Flow Consistency Distributive effects |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000453642600031 |
WOS关键词 | RENEWABLES ; POLICIES ; MODEL |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18636 |
专题 | 气候变化 |
作者单位 | 1.Vienna Univ Econ Business, WU, Vienna, Austria; 2.Univ Genoa, DIME, Genoa, Italy |
推荐引用方式 GB/T 7714 | Monasterolo, Irene,Raberto, Marco. The impact of phasing out fossil fuel subsidies on the low-carbon transition[J]. ENERGY POLICY,2019,124:355-370. |
APA | Monasterolo, Irene,&Raberto, Marco.(2019).The impact of phasing out fossil fuel subsidies on the low-carbon transition.ENERGY POLICY,124,355-370. |
MLA | Monasterolo, Irene,et al."The impact of phasing out fossil fuel subsidies on the low-carbon transition".ENERGY POLICY 124(2019):355-370. |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论