{"id":48275,"date":"2023-11-20T15:36:03","date_gmt":"2023-11-20T14:36:03","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/taxes-and-subsidies-in-eu-energy-policy-fit-for-55\/"},"modified":"2024-04-22T19:32:39","modified_gmt":"2024-04-22T17:32:39","slug":"taxes-and-subsidies-in-eu-energy-policy-fit-for-55","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/48275\/","title":{"rendered":"Taxes and Subsidies in EU Energy Policy \u2013 Fit for 55?"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-48275","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In the \"Fit for 55\" package of July 2021, the European Commission proposed inter alia a revision of the energy taxation directive with the intent of increasing tax rates for fossil fuels that should contribute to achieving the EU's emission reduction targets for 2030. Since then, climate policy challenges in the EU have been amplified by sharp increases in electricity and gas prices mainly as a result of the war in Ukraine. Energy price spikes have led to the implementation of numerous compensation measures for households and firms in EU member countries. In this article, we provide an overview of the discussion on energy taxation in the EU and analyse compensation measures implemented during the energy crisis. We find that energy cost related compensation measures counter climate policy efforts. A stronger focus on vulnerable groups would have reduced the overall costs of measures and entailed stronger energy efficiency incentives.","onlinedate":"2023-01-13 12:00:00","lang":"English","publication_series":"","publication_date":"20230101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"19","keywords":"[\"EU\",\"Energy taxation\",\"Energy cost subsidies\",\"Energy crisis\",\" Energy taxation\",\" Energy cost subsidies\",\" Energy crisis\"]","jelcodes":"[]","related_publications":"[]","pdf":259690,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"656","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2023-01-13 12:00:00","types":[44410],"research_groups":[3655],"collaboration":"","persons":[3652,4929],"persons_data":"[{\"personId\":3652,\"personName\":\"Claudia Kettner\",\"organisationNames\":[]},{\"personId\":4929,\"personName\":\"Eva Wretschitsch\",\"organisationNames\":[]}]","clients":[10660,10642],"subclients":[],"partners":[8870,9348],"topics":[40961],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Kettner, C.<\\\/span><span>, &amp; Wretschitsch, E.<\\\/span> (2023). <span>Taxes and Subsidies in EU Energy Policy \u2013 Fit for 55?<\\\/span> <span><em>WIFO Working Papers<\\\/em><\\\/span>, (656).<\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Kettner C<\\\/span><span>, Wretschitsch E<\\\/span>. <span class=\\\"title\\\"><span>Taxes and Subsidies in EU Energy Policy \u2013 Fit for 55?<\\\/span><\\\/span> <span>WIFO Working Papers<\\\/span>. 2023 Jan;(656).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{3ac266fde644493a9b3e909334c3c018,<\\\/div><div>  title    = \\\"Taxes and Subsidies in EU Energy Policy \u2013 Fit for 55?\\\",<\\\/div><div>  abstract = \\\"In the {\\\"}Fit for 55{\\\"} package of July 2021, the European Commission proposed inter alia a revision of the energy taxation directive with the intent of increasing tax rates for fossil fuels that should contribute to achieving the EU's emission reduction targets for 2030. Since then, climate policy challenges in the EU have been amplified by sharp increases in electricity and gas prices mainly as a result of the war in Ukraine. Energy price spikes have led to the implementation of numerous compensation measures for households and firms in EU member countries. In this article, we provide an overview of the discussion on energy taxation in the EU and analyse compensation measures implemented during the energy crisis. We find that energy cost related compensation measures counter climate policy efforts. A stronger focus on vulnerable groups would have reduced the overall costs of measures and entailed stronger energy efficiency incentives.\\\",<\\\/div><div>  keywords = \\\"EU, Energy taxation, Energy cost subsidies, Energy crisis, Energy taxation, Energy cost subsidies, Energy crisis\\\",<\\\/div><div>  author   = \\\"Claudia Kettner and Eva Wretschitsch\\\",<\\\/div><div>  note     = \\\"Taxes and Subsidies in EU Energy Policy \u2013 Fit for 55?\\\",<\\\/div><div>  year     = \\\"2023\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Taxes and Subsidies in EU Energy Policy \u2013 Fit for 55?<\\\/p><p>AU  - Kettner, Claudia<\\\/p><p>AU  - Wretschitsch, Eva<\\\/p><p>N1  - Taxes and Subsidies in EU Energy Policy \u2013 Fit for 55?<\\\/p><p>PY  - 2023\\\/1<\\\/p><p>Y1  - 2023\\\/1<\\\/p><p>N2  - In the \\\"Fit for 55\\\" package of July 2021, the European Commission proposed inter alia a revision of the energy taxation directive with the intent of increasing tax rates for fossil fuels that should contribute to achieving the EU's emission reduction targets for 2030. Since then, climate policy challenges in the EU have been amplified by sharp increases in electricity and gas prices mainly as a result of the war in Ukraine. Energy price spikes have led to the implementation of numerous compensation measures for households and firms in EU member countries. In this article, we provide an overview of the discussion on energy taxation in the EU and analyse compensation measures implemented during the energy crisis. We find that energy cost related compensation measures counter climate policy efforts. A stronger focus on vulnerable groups would have reduced the overall costs of measures and entailed stronger energy efficiency incentives.<\\\/p><p>AB  - In the \\\"Fit for 55\\\" package of July 2021, the European Commission proposed inter alia a revision of the energy taxation directive with the intent of increasing tax rates for fossil fuels that should contribute to achieving the EU's emission reduction targets for 2030. Since then, climate policy challenges in the EU have been amplified by sharp increases in electricity and gas prices mainly as a result of the war in Ukraine. Energy price spikes have led to the implementation of numerous compensation measures for households and firms in EU member countries. In this article, we provide an overview of the discussion on energy taxation in the EU and analyse compensation measures implemented during the energy crisis. We find that energy cost related compensation measures counter climate policy efforts. 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