Oireachtas Joint and Select Committees

Tuesday, 5 November 2019

Public Accounts Committee

2018 Annual Report of the Accounts of the Public Services
Chapter 9 - Greenhouse Gas-Related Financial Transactions: Discussion

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8:10 pm

Dr. Miguel Tovar Reaños:

It is based on elasticity, which is basically how people respond to prices. A recent paper was published in the American Economic Review, which is one of the top journals in economics. It showed the response to taxes could be even larger than price responses.

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