Demand effects of energy taxes - short term elasticitites

According to § 4 of the Austrian Energy Efficiency Law, Austria has to achieve accumulated energy efficiency improvement of 310 PJ by 2020. "Strategic measures" should contribute 151 PJ to this target. Along with others tax measures, this aim can be attributed according to the Energy Efficiency Directive 2012/27/EU as strategic measures. The potential contribution of tax measures to the achievement of the target in the Austrian Energy Efficiency Law, we estimate the short-term elasticities of the current energy taxes with the WIFO DYNK model.