Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/266021 
Year of Publication: 
2022
Series/Report no.: 
CESifo Working Paper No. 9986
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
CO2 emissions are disproportionately caused by more affluent consumers. In the political debate, this fact has triggered the demand for income redistribution and wealth taxes not only to reduce inequality but also to reduce CO2 emissions. This paper calculates the possible size of such a green dividend of redistribution in 26 countries and concludes that, for most EU countries, it is negative if the redistribution is efficient, in the sense that it keeps average incomes constant. If the redistribution introduces inefficiencies that lead to total income losses, the negative green dividend, otherwise associated with additional redistribution, may be avoided.
Subjects: 
environment
redistribution
CO2 emissions
inequality
green dividend
JEL: 
Q56
D12
D30
Document Type: 
Working Paper
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