Carbon tax: Difference between revisions
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{{PolicyInterventionTemplate | {{PolicyInterventionTemplate | ||
|Component=Energy conversion; Energy demand; Climate policy; | |Component=Energy conversion; Energy demand; Climate policy; | ||
|Description=A tax on carbon leads to higher fossil | |Description=A tax on carbon leads to higher prices for carbon intensive fuels (such as fossil fuels), making low-carbon alternatives more attractive. | ||
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{{PolicyInterventionEffectTemplate | {{PolicyInterventionEffectTemplate | ||
|EffectOnComponent=Energy conversion | |EffectOnComponent=Energy conversion | ||
|EffectDescription=A carbon tax will induce a transition from carbon intensive fuel to carbon low fuels. Since hydrogen and electricity are well suited for carrying carbon low energy, the production of hydrogen and electricity could increase. | |||
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{{PolicyInterventionEffectTemplate | {{PolicyInterventionEffectTemplate | ||
|EffectOnComponent=Energy demand | |EffectOnComponent=Energy demand | ||
|EffectDescription=The higher fossil fuel prices result in a shift towards less carbon-intensive energy carriers and (assuming a higher overall energy price) more energy efficiency. There can also be changes in end-use technologies ( e.g. electric cars in the transport sector, blast furnaces with CCS to produce iron and steel). | |||
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{{PolicyInterventionEffectTemplate | {{PolicyInterventionEffectTemplate | ||
|EffectOnComponent=Energy supply | |EffectOnComponent=Energy supply | ||
|EffectDescription=The energy supply will change from the use of carbon intensive energy carriers to the use of low/zero carbon energy carriers. | |||
}} | }} | ||
{{PolicyInterventionEffectTemplate | {{PolicyInterventionEffectTemplate | ||
Revision as of 16:25, 3 April 2014
| Description: | A tax on carbon leads to higher prices for carbon intensive fuels (such as fossil fuels), making low-carbon alternatives more attractive. |
| Is implemented in: | Energy conversion, Energy demand, Climate policy |
Associated policy response component
Component: Air pollution and energy policies
Page: Air pollution and energy policies/Policy issues
Effects of this policy intervention on components
Component: Energy conversion
Effect : A carbon tax will induce a transition from carbon intensive fuel to carbon low fuels. Since hydrogen and electricity are well suited for carrying carbon low energy, the production of hydrogen and electricity could increase.
Component: Energy demand
Effect : The higher fossil fuel prices result in a shift towards less carbon-intensive energy carriers and (assuming a higher overall energy price) more energy efficiency. There can also be changes in end-use technologies ( e.g. electric cars in the transport sector, blast furnaces with CCS to produce iron and steel).
Component: Energy supply
Effect : The energy supply will change from the use of carbon intensive energy carriers to the use of low/zero carbon energy carriers.
Component: Climate policy
Effect : In the climate policy component, the carbon tax leads to emission reductions via Marginal Abatement Cost (MAC) curves derived from the TIMER model.
Component: Emissions
Effect :