Design of carbon taxation reform and its impact on the competitiveness of metallurgical enterprises

The article states that the deepening of the problem of climate change and global warming, the aggravation of environmental risks of the functioning of the national economies of the countries of the world determine the urgency of prioritizing measures to reduce greenhouse gas emissions. It is emphas...

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Main Authors: Nataliia Levchenko, Liudmyla Antonova
Format: Article
Language:English
Published: State Higher Educational Institution “Ukrainian State University of Chemical Technology” 2022-06-01
Series:Економічний вісник Державного вищого навчального закладу Український державний хіміко-технологічний університет
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Online Access:http://ek-visnik.dp.ua/wp-content/uploads/pdf/2022-1/Levchenko.pdf
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Summary:The article states that the deepening of the problem of climate change and global warming, the aggravation of environmental risks of the functioning of the national economies of the countries of the world determine the urgency of prioritizing measures to reduce greenhouse gas emissions. It is emphasized that the most effective tools for limiting greenhouse gas emissions in world practice are price instruments, which primarily include carbon taxation. The most common models of carbon taxation are considered and briefly characterized. The factors influencing the choice of carbon taxation model are determined. The characteristic of the main elements of the tax on carbon dioxide emissions under different models of carbon taxation is summarized. The inefficiency of the current model of carbon taxation in Ukraine is substantiated and the reasons for its inaction are substantiated. The need for immediate reform of the mechanism of carbon taxation in Ukraine was noted. Alternative options for reforming the taxation of CO2 emissions are considered and characterized. Identified on the basis of global experience, national conditions and historical realities, the architecture of reforming carbon taxation. The need to choose the design of reforming carbon taxation is indicated. It has been proven that the design of reforming carbon taxation should be multi-level, that is, it should involve the implementation of the reform at the national, sectoral and macro levels. An author's design for reforming carbon taxation is proposed, taking into account its impact on the competitiveness of industrial enterprises, in particular, metallurgy enterprises. It has been proven that the introduction of the proposed measures to reform carbon taxation will stimulate economic agents to change consumer and production behavior, which will reduce the energy intensity and carbon intensity of GDP and counteract climate change.
ISSN:2415-3974
2664-2670