The new policy paper| by Professor Michael Jacobs and co-authors, on ‘Less pain, more gain: the potential of carbon pricing reduce Europe’s fiscal deficits’, reviews a new analysis by Vivid Economics of the potential impact of energy and carbon taxes, as well as changes to the European Union Emissions Trading System, in several Member States, and finds that they could raise as much revenue as other forms of taxation while having less damaging side-effects on economic growth and reducing greenhouse gas emissions. Read more
