jueves, 16 de junio de 2022

Más evidencia sobre los problemas de los subsidios a los precios energéticos

Es difícil decirlo más claro: los subsidios a los precios hacen aumentar las emisiones, y pueden ser peores también en cuanto al PIB.

While all three policies can lessen the economic costs of higher fuel prices, income policy measures – not proportional to current energy consumption – are preferred for their significantly lower impact on greenhouse gas emissions compared to fuel tax cuts. Tax reductions on fossil energy induce higher emissions from burning fossil fuels. With the fuel tax subsidy, greenhouse gas emissions increase by 0.8% in the short-run and by up to 1.5% in the long-run relative to the baseline, while they stay relatively stable in the other two scenarios. The tax reductions also increase the reliance on imported fossil fuels and encourage the consumption of fossil fuel-intensive durable goods. Consequently, they would make the required switch from dirty to clean technologies even costlier in the long run. In short, energy tax subsidies not only enforce the EU’s reliance on fossil fuel imports but also work against achieving the ambitious climate targets of the European Green Deal.

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