![](/images/graphics-bg.png)
An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model
Joint Authors
Ueta, Kazuhiro
Pollitt, Hector
Lee, Soocheol
Source
Issue
Vol. 2012, Issue 2012 (31 Dec. 2012), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2012-12-11
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Natural & Life Sciences (Multidisciplinary)
Medicine
Information Technology and Computer Science
Abstract EN
This paper analyses the potential economic and environmental effects of carbon taxation in Japan using the E3MG model, a global macroeconometric model constructed by the University of Cambridge and Cambridge Econometrics.
The paper approaches the issues by considering first the impacts of the carbon tax in Japan introduced in 2012 and then the measures necessary to reduce Japan’s emissions in line with its Copenhagen pledge of −25% compared to 1990 levels.
The results from the model suggest that FY2012 Tax Reform has only a small impact on emission levels and no significant impact on GDP and employment.
The potential costs of reducing emissions to meet the 25% reduction target for 2020 are quite modest, but noticeable.
GDP falls by around 1.2% compared to the baseline and employment by 0.4% compared to the baseline.
But this could be offset, with some potential economic benefits, if revenues are recycled efficiently.
This paper considers two revenue recycling scenarios.
The most positive outcome is if revenues are used both to reduce income tax rates and to increase investment in energy efficiency.
This paper shows there could be double dividend effects, if Carbon Tax Reform is properly designed.
American Psychological Association (APA)
Lee, Soocheol& Pollitt, Hector& Ueta, Kazuhiro. 2012. An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model. The Scientific World Journal،Vol. 2012, no. 2012, pp.1-9.
https://search.emarefa.net/detail/BIM-501962
Modern Language Association (MLA)
Lee, Soocheol…[et al.]. An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model. The Scientific World Journal No. 2012 (2012), pp.1-9.
https://search.emarefa.net/detail/BIM-501962
American Medical Association (AMA)
Lee, Soocheol& Pollitt, Hector& Ueta, Kazuhiro. An Assessment of Japanese Carbon Tax Reform Using the E3MG Econometric Model. The Scientific World Journal. 2012. Vol. 2012, no. 2012, pp.1-9.
https://search.emarefa.net/detail/BIM-501962
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-501962