In recent years, several countries have introduced carbon taxes as a way of making consumers change their habits to support a green transition. However, it remains unclear whether carbon taxation and rebates can have a lasting impact on the reduction of greenhouse gas (GHG) emissions and consumer spending. Austria introduced a range of carbon taxes aimed at encouraging consumer decarbonisation. In the Austrian model, the money raised from the tax gets returned directly to taxpayers. This was aimed and encouraging higher levels of public spending…
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