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Double Dividend of Low-carbon Growth in Mexico: A Dynamic General Equilibrium Assessment

Abstract : This paper simulates the medium- and long-term impact of proposed and expected energy policy on the environment and on the Mexican economy. The analysis has been conducted with a Multi-sector Macroeconomic Model for the Evaluation of Environmental and Energy policy (Three-ME). This model is well suited for policy assessment purposes in the context of developing economies as it indicates the transit ional effects of policy intervention. Three-ME estimates the carbon tax required to meet emissions reduction targets within the Mexican “Climate Change Law”, and assesses alternative policy scenarios, ach reflecting a different strategy for the recycling of tax revenues. With no compensation, the taxation policy if successful will succeed in reducing CO2 e missions by more than 75% by 2050 with respect to Business as Usual (BAU), but at high eco nomic costs. Under full redistribution of carbon tax revenues, a double dividend arises and t he policy is beneficial both in terms of GDP and CO2 emissions reduction
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https://hal-sciencespo.archives-ouvertes.fr/hal-03389326
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Submitted on : Wednesday, October 20, 2021 - 11:34:47 PM
Last modification on : Wednesday, October 27, 2021 - 4:17:37 PM
Long-term archiving on: : Friday, January 21, 2022 - 8:53:09 PM

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Gissela Landa, Frédéric Reynés, Ivan Islas, François-Xavier Bellock, Fabio Grazi. Double Dividend of Low-carbon Growth in Mexico: A Dynamic General Equilibrium Assessment. 2015. ⟨hal-03389326⟩

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