Economics, Econometrics and Finance
5 years ago

Environmental taxes key to reducing CO2 emissions in EU countries

DergiPark (Istanbul University)
Environmental Taxes and Carbon dioxide Emission in EU Countries: A Panel VAR Approach
Onur Polat

Paper Summary

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The article examines how environmental taxes affect carbon dioxide emissions in EU countries using a panel VAR model. Data from 1995 to 2014 for 24 EU countries was analyzed to understand the relationship between environmental taxes, GDP, CO2 emissions, and energy use. The study found that environmental taxes play a significant role in reducing CO2 emissions and suggest that implementing these taxes can help address the negative impacts of greenhouse gas emissions on the environment and society.