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Laws and Policies

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CCLW national policies

Ecosocial Tax Reform Act 2022 Part I

Amended

The 2022 tax reform act (ÖkoStRefG 2022) introduces a carbon levy of 30 euros per tonne. The levy will start in June 2022 and rise to 55 euros per tonne in 2025. The reform also implements the following tax amendments:An investment allowance for depreciable fixed assets is to be introduced in order to create incentives for (ecological) business investments.A regional climate bonus. To compensate for CO2 pricing, there is a flat-rate reimbursement via the regional climate bonus. The amount of the reimbursement is determined by the classification of the municipality of residence and can be shown as follows:Category 1: EUR 100 per person and year (urban centers with the highest level of public transport)Category 2: EUR 133 per person and year (urban centers with at least good public transport connections)Category 3: EUR 167 per person and year (centres and the environs of centers with at least good basic access)Category 4: EUR 200 per person per year (rural communities and communities with at most basic development)Children are entitled to the climate bonus at 50% of the value. The payment is made as a supplement to the climate bonus of people who have children. The exact modalities of the payment are not yet known.

Tax Reform Act 2022

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives