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The effectiveness of environmental taxes on CO2 emissions: an empirical analysis of European countries.

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Schmits, Camille ULiège
Promotor(s) : Tharakan, Joseph ULiège
Date of defense : 22-Jun-2022/29-Jun-2022 • Permalink : http://hdl.handle.net/2268.2/14455
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Title : The effectiveness of environmental taxes on CO2 emissions: an empirical analysis of European countries.
Author : Schmits, Camille ULiège
Date of defense  : 22-Jun-2022/29-Jun-2022
Advisor(s) : Tharakan, Joseph ULiège
Committee's member(s) : Gathon, Henry-Jean ULiège
Walheer, Barnabé ULiège
Language : English
Number of pages : 75
Keywords : [en] CO2 emissions, environmental taxes, empirical analysis, SGMM
Discipline(s) : Business & economic sciences > Special economic topics (health, labor, transportation...)
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences économiques, orientation générale, à finalité spécialisée en economic, analysis and policy
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] Environmental issues are an increasing concern, for our present and future generations. Today, the main governmental tool used to fight against pollution in our economies is environmental taxation, used in various ways and in different proportions by each country. However, only a few studies have
been conducted with concrete evidence at the European level. Therefore, this Master’s thesis16 presents an empirical analysis of the effectiveness of
transport, pollution and resources, and energy taxes on the level of CO2 emissions in Europe. The System Generalized Method of Moments is used
in an incremental method, additional explanatory variables being included successively. For this purpose, national data on 32 countries over 25 years,
from 1995 to 2019, are employed to empirically estimate the relationship between taxes and CO2, while controlling for variables such as GDP, the percentage of energy coming from a renewable source or industrial production. Among the results, it can be observed that environmental taxation indeed negatively impacts the CO2 emissions, as evidence is shown that an increase in transport, pollution or energy taxation reduces CO2 emissions. Coefficients show strong level of statistical significance at the 1% level, meaning that results can be trusted with respect to the data used for the analysis. Therefore, policy recommendations are in order and are ultimately presented
at the end of this paper.


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Author

  • Schmits, Camille ULiège Université de Liège > Master sc. éco., or. gén., à fin.

Promotor(s)

Committee's member(s)

  • Gathon, Henry-Jean ULiège Université de Liège - ULiège > HEC Liège : UER > UER Economie : Economie générale et gestion publique
    ORBi View his publications on ORBi
  • Walheer, Barnabé ULiège Université de Liège - ULiège > HEC Liège : UER > UER Economie : Microéconométrie et économétrie appliquée
    ORBi View his publications on ORBi
  • Total number of views 51
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