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Coase, Hotelling and Pigou : The Incidence of a Carbon Tax and CO2 Emissions
Heal, Geoffrey - 2019
A carbon tax has been widely discussed as a way of reducing fossil fuel use and mitigating climate change, generally in a static framework. Unlike standard goods that can be produced, oil is an exhaustible resource. Parts of its price reflects scarcity rents, i.e., the fact that there is limited...
Persistent link: https://www.econbiz.de/10012480033
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Using Taxes to Meet an Emission Target
Harris, Robert I. - 2020
A sizeable number of papers beginning with Roberts and Spence (1976) have studied the use of price floors and ceilings (or "collars") to manage prices in tradable permit markets. In contrast, economists have only recently begun examining polices to manage quantities under a pollution tax....
Persistent link: https://www.econbiz.de/10012481084
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Designing A Carbon Tax to Reduce U.S. Greenhouse Gas Emissions
Metcalf, Gilbert E. - 2008
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/10012464272
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Tax Policy to Combat Global Warming : On Designing a Carbon Tax
Poterba, James M. - 1991
This paper develops several points concerning the design and implementation of a carbon tax. First, if implemented without any offsetting changes in transfer programs, the carbon tax would be regressive. This regressivity could be offset with changes in either the direct tax system or transfers....
Persistent link: https://www.econbiz.de/10012475366
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Can a Unilateral Carbon Tax Reduce Emissions Elsewhere?
Elliott, Joshua - 2013
Most CGE models do not allow for negative leakage. In this paper, we use a full CGE model with many countries and many goods to measure effects in a way that allows for negative leakage. We vary elasticities of substitution and confirm the analytical model's prediction that negative leakage...
Persistent link: https://www.econbiz.de/10012459764
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Carbon Taxes : Many Strengths but Key Weaknesses
Gordon, Roger H. - National Bureau of Economic Research - 2023
There is a consensus among economists that a carbon tax is the best approach for addressing the effects of CO2 emissions on the global climate. However, past international agreements on climate change instead specify caps on emissions (a quantity target) for each country. This paper explores...
Persistent link: https://www.econbiz.de/10014421179
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Why is Pollution from U.S. Manufacturing Declining? The Roles of Environmental Regulation, Productivity, and Trade
Shapiro, Joseph S. - 2015
regulation, rather than changes in productivity and trade, account for most of the emissions reductions …
Persistent link: https://www.econbiz.de/10012457787
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Book-Value Wealth Taxation, Capital Income Taxation, and Innovation
Guvenen, Fatih; Kambourov, Gueorgui; Kuruşçu, Burhanettin - National Bureau of Economic Research - 2024
taxation be structured to improve productivity, incentivize innovation, and ultimately increase welfare? We study these … their productivity and are subject to collateral constraints. The stationary equilibrium features heterogeneous returns and … misallocation of capital. We show that increasing the wealth tax increases aggregate productivity. The gains result from the "use …
Persistent link: https://www.econbiz.de/10014576614
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Environmental Taxes
Fullerton, Don - 2008
This chapter provides an overview of key economic issues in the use of taxation as an instrument of environmental policy in the UK. It first reviews economic arguments for using taxes and other market mechanisms in environmental policy, discusses the choice of tax base, and considers the value...
Persistent link: https://www.econbiz.de/10012464450
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Efficiency Costs of Meeting Industry-Distributional Constraints under Environmental Permits and Taxes
Bovenberg, A.L. - 2003
A politically realistic approach to environmental policy seems to require avoiding significant profit-losses in major pollution-related industries. The government can avoid such losses by freely allocating some emissions permits or by exempting some inframarginal emissions from a pollution tax....
Persistent link: https://www.econbiz.de/10012468635