ESRI climate research awarded Miriam Hederman O'Brien prize
An ESRI research report 'The economic and distributional impacts of an increased carbon tax with different revenue recycling schemes' has been announced as the Winner of the Miriam Hederman O'Brien prize. It was awarded by the Foundation for Fiscal Studies.
This paper finds that a carbon tax could have some adverse impacts on GDP, inequality and household income. However, the impact is limited and could be reduced by using a well-designed revenue recycling scheme. The results come from research using the ESRI’s environment, energy and economy (I3E) model for Ireland.
The aim of the prize is to recognise outstanding original work from new contributors in the area of Irish fiscal policy, to promote the study and discussion of matters relating to fiscal, economic and social policy and to reward those who demonstrate exceptional research promise. The prize forms an important part of the Foundation’s overall objective of promoting more widely the study and discussion of matters relating to fiscal, economic and social policy.