Fair and Effective Carbon Pricing for Austria. Insights from Model Comparison (FareCarbon)

To solve the climate crisis, a fundamental decarbonisation of the economy is indispensable. In addition to technological changes, this requires accompanying climate policy measures, most importantly the taxation of carbon emissions. As this instrument leads to manifold indirect effects and uncertainties, FARECarbon employs a stakeholder-assisted multi model comparison of carbon taxation in Austria. It aims to reduce model uncertainties and to synthesise the debate on carbon taxes, and to develop a concerted proposal on how to implement carbon taxes in Austria.