An Economic and Environmental Assessment of New Zealand's GHG Mitigation Policies: Modelling with E3ME

Sina Ahmadzadeh Mashinchi

No 3506060, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: This paper analyses the potential environmental and macroeconomic impacts of implementing GHG mitigation policies, notably an Environmental Tax Reform (ETR), in New Zealand using the E3M3 model, a global macroeconometric model that links the world?s economies to their energy systems and associated emissions. A number of different scenarios including a baseline are constructed to investigate the performance of the NZ ETS and other complementary mitigation policies over the commitment period (2021-2030). In the light of the model results, it is notable that the higher carbon prices especially in the early years would be necessary to achieve the ambitious GHG emissions target in New Zealand. The results also suggest that a combined NZ ETS and carbon tax approach with revenue recycling could lead to significant economic benefits. Therefore, a double dividend effect could be achievable, if New Zealand?s government recycles the revenues from carbon taxes efficiently.

Keywords: Environmental tax reform; GHG mitigation policies; NZ ETS; Energy?environment?economy modelling; Carbon tax (search for similar items in EconPapers)
Pages: 1 page
Date: 2016-05
New Economics Papers: this item is included in nep-ene and nep-env
References: Add references at CitEc
Citations:

Published in Proceedings of the Proceedings of the 23rd International Academic Conference, Venice, May 2016, pages 16-16

Downloads: (external link)
https://iises.net/proceedings/23rd-international-a ... =36&iid=003&rid=6060 First version, 2016

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:3506060

Access Statistics for this paper

More papers in Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().