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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/10012469575
participation among the countries of the world. But another key necessary condition has yet to be achieved - adequate collective …
Persistent link: https://www.econbiz.de/10011737584
Negotiations pursuant to the Durban Platform for Enhanced Action appear likely to lead to a 2015 Paris agreement that embodies a hybrid climate policy architecture, combining top-down elements, such as for monitoring, reporting, and verification, with bottom-up elements, including "nationally...
Persistent link: https://www.econbiz.de/10010501953
Persistent link: https://www.econbiz.de/10012471119
We explore the effects of environmental taxes that imprecisely target pollution. A review of actual policies indicates few (if any) examples of a true tax on pollution. More typically, environmental taxes target an input or output that is correlated with pollution. We construct a simple...
Persistent link: https://www.econbiz.de/10012471531
understanding world oil markets …
Persistent link: https://www.econbiz.de/10012462043
Cap and trade systems are emerging as the front-running policy choice to address climate change concerns in many countries. One of the apparent attractions of this approach is the ability to achieve hard limits on emissions over a control period. The cost of achieving this certainty on emission...
Persistent link: https://www.econbiz.de/10012463525