Carbon tax
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Description: | A tax on carbon leads to higher fossil fuel prices, 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 :
Component: Energy demand
Effect :
Component: Energy supply
Effect :
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 :