New Study: The Lack of a Uniform Taxation on Greenhouse Gasses is Highly Costly for the European Society

New Study: The Lack of a Uniform Taxation on Greenhouse Gasses is Highly Costly for the European Society

April 13, 2015

Copenhagen Economics has conducted a report for the green Danish think-tank Concito on a uniform taxation on greenhouse gasses.

 

In the report, the uniform taxation on greenhouse gasses is discussed in relation to the Danish government’s long term goal of an almost carbon free energy system by 2050.

 

The conclusions of the report are:

 

• The lack of a uniform taxation on greenhouse gasses and a clear political framework for delivering are highly costly for societies in the EU, including Denmark and other Nordic countries.

 

• The most costly political failure is the huge dispersion of the taxation on greenhouse gases inside and outside the energy sector. Gas and coal for energy production are being almost zero taxed at current levels of ETS prices while the use of gasoline etc. for transportation is taxed at much higher levels.  

 

In March 2014, Partner Sigurd Næss-Schmidt held a presentation at Finnish Energy Agency about the future perspectives of the EU emissions trading system.

 

Download Sigurd’s slides

 

Read the full report

 

For more information, please contact Partner Sigurd Næss-Schmidt.