Growth impacts of Swiss steering-based climate policies

Swiss Journal of Economics and Statistics

Table 3 Macro-economic effect of simulated scenarios

	Target
	1.5 tCO₂ p.c.		1.0 tCO₂ p.c.
Changes in utility [%]
Economy-wide CO₂ tax	−1.69		−2.64
ETS and uniform CO₂ tax	−1.62		−2.63
ETS + differentiated CO₂ tax	−2.35		−3.41
Aggregate growth of consumption [%] ^a
BAU		1.18
Economy-wide CO₂ tax	0.97		0.89
ETS and uniform CO₂ tax	0.97		0.89
ETS + differentiated CO₂ tax	0.93		0.86
Aggregate growth of investments [%]
BAU		1.22
Economy-wide CO₂ tax	1.68		1.77
ETS and uniform CO₂ tax	1.65		1.73
ETS + differentiated CO₂ tax	1.63		1.70
Aggregate growth of output [%]
BAU		1.23
Economy-wide CO₂ tax	1.209		1.229
ETS and uniform CO₂ tax	1.206		1.231
ETS + differentiated CO₂ tax	1.210		1.233

^aGrowth rates in this table are calculated as the annual average growth rate of aggregate between 2010 and 2050, in percentage