Work Package 4: Discussion and Development of Policy Recommendations

Description

Policy conclusions regarding the implementation of a carbon tax and different recycling scenarios for the EU and its Member States were developed based on the modelling results and the literature review.

The modelling results delivered insights on the contribution of fiscal instruments for achieving national climate policy target. Another result regards the specific vulnerabilities of the household income groups in terms of reduced income and consumption possibilities and in terms of changes in labour supply.

We developed conclusions on different revenue recycling options' potential to mitigate negative macroeconomic and distributional impacts.

The findings of the SoMBI project were described in a working paper, a WIFO monthly report (in German) and a research brief.