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Distributional Impacts of Carbon Pricing : A General Equilibrium Approach with Micro-Data for Households

Rausch, Sebastian - 2014

Many policies to limit greenhouse gas emissions have at their core efforts to put a price on carbon emissions. Carbon pricing impacts households both by raising the cost of carbon intensive products and by changing factor prices. A complete analysis requires taking both effects into account. The...

Persistent link: https://www.econbiz.de/10013067962

Does the Indexing of Government Transfers Make Carbon Pricing Progressive?

Fullerton, Don - 2014

We analyze both the uses side and the sources side incidence of domestic climate policy using an analytical general equilibrium model, taking into account the degree of government program indexing. When transfer programs such as Social Security are explicitly indexed to inflation, higher energy...

Persistent link: https://www.econbiz.de/10013068648

Tax Policies for Low-Carbon Technologies

Metcalf, Gilbert E. - 2010

The U.S. tax code provides a number of subsidies for low-carbon technologies. I discuss the difficulties of achieving key policy goals with subsidies as opposed to using taxes to raise the price of pollution-related activities. In particular, subsidies lower the cost of energy (on average)...

Persistent link: https://www.econbiz.de/10013152559

Assessment of U.S. Cap-and-Trade Proposals

Paltsev, Sergey - 2010

The MIT Emissions Prediction and Policy Analysis model is applied to synthetic policies that match key attributes of a set of cap-and-trade proposals being considered by the U.S. Congress in spring 2007. The bills fall into two groups: one specifies emissions reductions of 50% to 80% below 1990...

Persistent link: https://www.econbiz.de/10012760046

Tax Distortions and Global Climate Policy

Babiker, Mustafa Hussein; Metcalf, Gilbert E.; Reilly, … - 2021

We consider the efficiency implications of policies to reduce global carbon emissions in a world with pre-existing tax … environmental taxes are returned in a lump sum fashion, need not hold in a world with multiple distortions. We then present a large …-scale computable general equilibrium model of the world economy with distortionary taxation. We use this model to evaluate a number of …

Persistent link: https://www.econbiz.de/10013222972

Designing a Carbon Tax to Reduce U.S. Greenhouse Gas Emissions

Metcalf, Gilbert E. - 2021

This article describes a revenue and distributionally neutral approach to reducing U.S. greenhouse gas emissions that uses a carbon tax. The revenue from the carbon tax is used to finance an environmental earned income tax credit designed to be distributionally neutral. The credit is linked to...

Persistent link: https://www.econbiz.de/10013233774

Analysis of U.S. Greenhouse Gas Tax Proposals

Metcalf, Gilbert E. - 2013

The U.S. Congress is considering a set of bills designed to limit the nation's greenhouse gas (GHG) emissions. This paper complements the analysis by Paltsev et al. (2007) of cap-and-trade bills and applies the MIT Emissions Prediction and Policy Analysis (EPPA) model to carry out an analysis of...

Persistent link: https://www.econbiz.de/10012753602

Using Tax Expenditures to Achieve Energy Policy Goals

Metcalf, Gilbert E. - 2013

Tax expenditures are a major source of support for energy related activities in the federal budget exceeding direct budget support for energy by a factor of nearly six. Focusing on the policy goals of reducing greenhouse gas emissions and petroleum consumption, I find these tax expenditures...

Persistent link: https://www.econbiz.de/10012753708

The Macroeconomic Impact of Europe's Carbon Taxes

Metcalf, Gilbert E.; Stock, James H. - 2022

Policy makers often express concern about the impact of carbon taxes on employment and GDP. Focusing on European countries that have implemented carbon taxes over the past 30 years, we estimate the macroeconomic impacts of these taxes on GDP and employment growth rates for various specifications...

Persistent link: https://www.econbiz.de/10013306478

Distributional Impacts in a Comprehensive Climate Policy Package

Metcalf, Gilbert E. - 2010

This paper provides a simple analytic approach for measuring the burden of carbon pricing that does not require sophisticated and numerically intensive economic models but which is not limited to restrictive assumptions of forward shifting of carbon prices. We also show how to adjust for the...

Persistent link: https://www.econbiz.de/10013142080