ABSTRACT

As we have seen in previous chapters, environmental tax reform (ETR) is an effective tool for curbing energy demand and the emissions of greenhouse gases (GHG) (see Chapter 8 ), and could play a key role in the phasing out of nuclear power (see Chapter 5 ) with negligible or slightly positive macroeconomic outcomes. However, the inevitable rise in energy prices may lead to serious concerns about industrial competitiveness (see Chapter 13 ).