The economic and distributional impacts of an increased carbon tax with different revenue recycling schemes
This report has been peer reviewed prior to publication. The authors are solely responsible for the content and the views expressed.
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This study 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.