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Policy Options to Reduce Ireland's Greenhouse Gas Emissions

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Author Info
Legge, Thomas
Scott, Susan
Abstract

A side effect of the economic downturn since 2008 is that Ireland may meet its Kyoto Protocol commitment for 2008-2012 to reduce its greenhouse gas emissions, but that its longer term targets for 2020 and beyond are still stringent. This paper addresses both the political challenge and the economic implications of moving to a low-carbon state. The cost of reducing carbon emissions varies widely and heavy costs could be incurred. A soundly based policy framework that keeps costs down is thus essential, while being mindful of effects on the economy and the vulnerable; the pause in economic growth provides an opportunity for long-term planning. The criteria for policy are primarily threefold: regulatory certainty, including protection from short-term political interference; clearly defined incentives that ensure a credible, long-term price of carbon; and a transparent, dynamic and fair process with which the public can engage. The roles of various policy instruments are discussed, including regulatory and market-based instruments, subsidies and taxation.

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This book is provided by Economic and Social Research Institute (ESRI) in its series Research Series with number RS9 and published in 2009.

Handle: RePEc:esr:resser:rs9

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  1. Zhang, ZhongXiang & Baranzini, Andrea, 2004. "What do we know about carbon taxes? An inquiry into their impacts on competitiveness and distribution of income," Energy Policy, Elsevier, vol. 32(4), pages 507-518, March. [Downloadable!] (restricted)
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  2. Richard S. J. Tol & Tim Callan & Thomas Conefrey & John Fitz Gerald & Seán Lyons & Laura Malaguzzi Valeri & Susan Scott, 2008. "A Carbon Tax for Ireland," Papers WP246, Economic and Social Research Institute (ESRI). [Downloadable!]
  3. Tol, Richard S.J., 2009. "Intra-union flexibility of non-ETS emission reduction obligations in the European Union," Energy Policy, Elsevier, vol. 37(5), pages 1745-1752, May. [Downloadable!] (restricted)
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  4. Callan, Tim & Lyons, Sean & Scott, Susan & Tol, Richard S.J. & Verde, Stefano, 2009. "The distributional implications of a carbon tax in Ireland," Energy Policy, Elsevier, vol. 37(2), pages 407-412, February. [Downloadable!] (restricted)
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  5. Ian W. H. Parry & Kenneth A. Small, 2005. "Does Britain or the United States Have the Right Gasoline Tax?," American Economic Review, American Economic Association, vol. 95(4), pages 1276-1289, September. [Downloadable!]
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  6. Arik Levinson & M. Scott Taylor, 2004. "Unmasking the Pollution Haven Effect," NBER Working Papers 10629, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  7. Eli Berman & Linda T. M. Bui, 2001. "Environmental Regulation And Productivity: Evidence From Oil Refineries," The Review of Economics and Statistics, MIT Press, vol. 83(3), pages 498-510, August. [Downloadable!] (restricted)
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  8. Dieter Helm, 2008. "Climate-change policy: why has so little been achieved?," Oxford Review of Economic Policy, Oxford University Press, vol. 24(2), pages 211-238, Summer. [Downloadable!] (restricted)
  9. Barrett, Alan & Lawlor, John, 1995. "The Economics of Solid Waste Management in Ireland," Research Series, Economic and Social Research Institute (ESRI), number PRS26.
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  12. Josh Ederington & Jenny Minier, 2003. "Is environmental policy a secondary trade barrier? An empirical analysis," Canadian Journal of Economics, Canadian Economics Association, vol. 36(1), pages 137-154, February. [Downloadable!] (restricted)
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  13. van Beers, Cees & van den Bergh, Jeroen C J M, 1997. "An Empirical Multi-country Analysis of the Impact of Environmental Regulations on Foreign Trade Flows," Kyklos, Blackwell Publishing, vol. 50(1), pages 29-46.
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  15. List, John A. & Co, Catherine Y., 2000. "The Effects of Environmental Regulations on Foreign Direct Investment," Journal of Environmental Economics and Management, Elsevier, vol. 40(1), pages 1-20, July. [Downloadable!] (restricted)
  16. Barker, Terry & Junankar, Sudhir & Pollitt, Hector & Summerton, Philip, 2007. "Carbon leakage from unilateral Environmental Tax Reforms in Europe, 1995-2005," Energy Policy, Elsevier, vol. 35(12), pages 6281-6292, December. [Downloadable!] (restricted)
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This page was last updated on 2009-12-21.

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