Testing for Causality between Climate Policies and Carbon Emissions Reduction
(2022) , 15 pages
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- Abstract
- In this paper, we evaluate the causal effects of climate policies on carbon emissions reductions. Using Sweden as a case study, we compare the effects of the domestic carbon tax and the Kyoto Protocol over the period 1965–2018. A simulation exercise shows that the test for causality in the frequency domain offers policy-makers a useful tool for evaluating the effect of public policies. The empirical results indicate a significant causal effect of the carbon tax policy on carbon intensity dynamics in the long run.
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Citations
Candelon, B., & Hasse, J.-B. (2022). Testing for Causality between Climate Policies and Carbon Emissions Reduction (LIDAM Discussion Paper LFIN 2022/05). https://hdl.handle.net/2078.5/105249