Evaluating Australian environmental taxes through behavioural economics
Source: Australian Tax Forum Journal Article
Published Date: 1 Dec 2017
In the 2016 Climate Action Network Europe review of national climate policies, Australia once again was one of the lowest at 57 out of the 61 countries. Australia's policies were critiqued for being unambitious and uninspired. Numerous studies show that policies are often the key way to address human activity that harmfully warms the climate. Therefore Australia's unambitious policies require re-evaluation. Furthermore, taxes are a predominant way in which emissions can be reduced. Consequently this paper explores some of Australia's environment-related tax policies to determine what has best ameliorated humanity's affect on climate change in Australia.
The paper carries out its evaluation of Australian environmental taxes by using the Institute of Fiscal Studies' behavioural economics-based framework (IFS Framework). The IFS Framework represents a formal attempt to integrate behavioural economics into tax policy analysis. Although extensive, in-depth analysis of Australia's environmental tax policies using traditional economic frameworks exists, there is little analysis using ideas from behavioural economics. Therefore the IFS Framework's use of behavioural economics presents an opportunity to evaluate Australia's environmental taxes in a new light.
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Details
- Published By: Anna Belgiorno-Nettis
- Published On:1 Dec 2017
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