Monday, 04 October 2021

Principles in place

Austria will price fossil fuel emissions from 2022. Photo: Pixabay

Austria will price fossil fuel emissions from 2022. Photo: Pixabay

University of Graz economist Karl Steininger: "We are on the right track".

 

Yes, but - Karl Steininger of the Wegener Center for Climate and Global Change at the University of Graz is cautiously positive about the eco-social tax reform. "We are on the right track. However, the pricing of a CO2 tonne should have been higher in order to achieve a greater steering effect." The economist sees the timetable for phasing out fossil fuels in the long term as crucial. In any case, the social impact of the measures has been well achieved. "Low-income earners will be paid more. On the other hand, richer households are those that emit above-average emissions and are therefore asked to pay.

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