The role of environmental taxes and other political instruments on the road to climate neutrality

Role environmentálních daní a dalších politických nástrojů na cestě za klimatickou neutralitou

Josef Gotvald

Český finanční a účetní časopis, 2024, vol. 2024, issue 1, 47-76

Abstract: Climate change and climate neutrality targets for 2050 in the case of the EU bring the need for effective environmental policy instruments. Environmental taxes, green innovations, carbon pricing, emission allowances and other instruments are attracting increasing attention in academic as well as economic and environmental policy debates. This paper provides a detailed review of the theoretical and empirical literature on the role of policy instruments in the path towards climate neutrality, in particular on the effectiveness of environmental taxes, innovations, and established policies across the globe. A separate section also examines the two most widely used approaches for putting a price on carbon - carbon taxes and emission allowances. Environmental policy instruments are combined, however, none of them alone contributes to significant environmental improvements, as confirmed by several major studies. But stricter regulation and improved instruments go a long way towards achieving climate neutrality.

Keywords: Environmental taxes; Innovations; Environmental policies; Carbon tax; Emission allowances; Climate neutrality; Efficiency; Environmentální daně; Inovace; Environmentální politiky; Uhlíková daň; Emisní povolenky; Klimatická neutralita; Účinnost (search for similar items in EconPapers)
JEL-codes: F64 H23 O44 Q53 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.588.html (text/html)
http://cfuc.vse.cz/doi/10.18267/j.cfuc.588.pdf (application/pdf)
free of charge

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:prg:jnlcfu:v:2024:y:2024:i:1:id:588:p:47-76

Ordering information: This journal article can be ordered from
Český finanční a účetní časopis, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
http://cfuc.vse.cz

DOI: 10.18267/j.cfuc.588

Access Statistics for this article

Český finanční a účetní časopis is currently edited by Karel Brůna

More articles in Český finanční a účetní časopis from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().