ENVIRONMENTAL AND ECONOMIC IMPACT ANALYSIS OF REDUCING GREENHOUSE GAS EMISSIONS VIA ENERGY SUBSTITUTION AND CARBON TAX

Reyhan Özeş Özgür; Selim Çağatay

ENVIRONMENTAL AND ECONOMIC IMPACT ANALYSIS OF REDUCING GREENHOUSE GAS EMISSIONS VIA ENERGY SUBSTITUTION AND CARBON TAX

Abstract

Accordingly, with the decisions taken under Paris Conference-2015, Turkey has committed to constraint greenhouse gas emissions. An environmentally efficient way to do this is controlling industrial processes and fossil fuel use. Turkey has also determined her energy use targets as documented in Energy Strategy Document in which partial substitution of natural gas used in electricity production with some other energy sources is suggested as an alternative instrument in reducing greenhouse gas emissions. This study aims at developing a policy package to reduce total greenhouse gas emissions and to carry out the environmental and economic impact analysis of the policy package. Findings suggest that energy substitution will not be enough to achieve the targets proposed under Paris Conference commitments. Carbon taxing should be applied besides energy substitution, but rather on all industries it should be applied on selected polluter industries. In this way, while environmental targets are reached contraction in the economy will be less.

Keywords

References

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Details

Primary Language

English

Subjects

Economics

Journal Section

Research Article

Authors

Reyhan Özeş Özgür This is me
0000-0002-0842-0590
Türkiye

Selim Çağatay This is me
0000-0002-5471-3474
Türkiye

Publication Date

March 30, 2022

Submission Date

August 28, 2021

Acceptance Date

-

Published in Issue

Year 2022 Volume: 6 Number: 1

IZ

https://izlik.org/JA86CE97WY

Cite

RIS / Bibtex

APA

Özeş Özgür, R., & Çağatay, S. (2022). ENVIRONMENTAL AND ECONOMIC IMPACT ANALYSIS OF REDUCING GREENHOUSE GAS EMISSIONS VIA ENERGY SUBSTITUTION AND CARBON TAX. Journal of Research in Economics, 6(1), 46-60. https://izlik.org/JA86CE97WY