Tax Policy Issues in Designing a Carbon Tax
Donald B. Marron,Eric Toder +1 more
Reads0
Chats0
TLDR
In this article, the authors analyze the challenges of designing a real-world carbon tax from a public finance perspective, emphasizing three tax policy design issues: setting the tax rate, collecting the tax, and using the resulting revenue.Abstract:
A carbon tax is a promising tool for discouraging the greenhouse gas emissions that cause climate change. In principle, a well-designed tax could reduce the risk of climate change, minimize the cost of emissions reductions, encourage innovation in low-carbon technologies, and raise new public revenue. But designing a real-world carbon tax poses significant challenges. We analyze those challenges from a public finance perspective, emphasizing three tax policy design issues: setting the tax rate, collecting the tax, and using the resulting revenue. The benefits of a carbon tax will depend on how policymakers address those issues.read more
Citations
More filters
Journal ArticleDOI
The European Union Emissions Trading System reduced CO2 emissions despite low prices.
Patrick Bayer,Michaël Aklin +1 more
TL;DR: It is found that the EU ETS, which initially regulated roughly 50% of EU carbon emissions from mainly energy production and large industrial polluters, saved more than 1 billion tons of CO2 between 2008 and 2016 compared to a world without carbon markets.
Journal ArticleDOI
The influence of biomass energy consumption on CO2 emissions: a wavelet coherence approach.
Faik Bilgili,Ilhan Ozturk,Emrah Koçak,Umit Bulut,Yalçın Pamuk,Erhan Muğaloğlu,H. Hilal Bağlıtaş +6 more
TL;DR: The paper reveals, finally, that the biomass consumption mitigates CO2 emissions in the long run cycles after the year 2005 in the USA.
Journal ArticleDOI
Employing a CGE model in analysing the environmental and economy-wide impacts of CO2 emission abatement policies in Malaysia
Masoud Yahoo,Jamal Othman +1 more
TL;DR: An economy-wide assessment that compares two important tools for assisting environment policy makers evaluate carbon emission abatement initiatives in Malaysia shows a carbon emission tax in conjunction with the revenue neutrality assumption is seen to be more effective than a command-and-control policy as it provides a double dividend.
Posted Content
The structure of the climate debate
TL;DR: The climate debate is convoluted and polarized as a result, and climate policy complex as mentioned in this paper. But climate policy should become easier and more rational as the Paris Agreement has shifted climate policy back towards national governments.
Journal ArticleDOI
Climate Change and Monetary Policy: Dealing with Disruption
TL;DR: This paper explored the interaction of monetary policy and climate change as they jointly influence macroeconomic outcomes and brought together the literatures on climate change and monetary policy, seeking to alert policymakers in each realm to the implications of the other.
References
More filters
Journal ArticleDOI
An Introduction to the Bootstrap.
Book ChapterDOI
Intergovernmental Panel on Climate Change (IPCC)
O. Edenhofer,K. Seyboth +1 more
TL;DR: The Intergovernmental Panel on Climate Change (IPCC) as mentioned in this paper has become a key framework for the exchange of scientific dialogue on climate change within the scientific community as well as across the science and policy arenas.
Book
A theory of the consumption function
TL;DR: Friedman as discussed by the authors proposed a new theory of the consumption function, tested it against extensive statistical J material and suggests some of its significant implications, including the sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers decide how much to spend and how much they save.
Journal Article
The Design of a Carbon Tax
TL;DR: In this article, the authors consider the design of a tax on greenhouse gas emissions for a developed country such as the United States and propose an origin-based system for trades with countries that have an adequate carbon tax.
Journal ArticleDOI
Developing a Social Cost of Carbon for US Regulatory Analysis: A Methodology and Interpretation
TL;DR: The US government recently developed a range of values representing the monetized global damages associated with an incremental increase in carbon dioxide (CO2) emissions, commonly referred to as CO2 emissions.