Current decarbonization policies neglect damages from local air pollutants. We analyze the trade-off between … complementary taxation of carbon emissions and local air pollution. We quantify results for the European power market until 2050 … taxation can be complementary to a primary policy of air pollution abatement. On the contrary, a primary policy of …

taxation yields aggregated social cost of 5,145 billion € in the period 2020 to 2050. Taxing CO2 emissions only leads to …

taxation yields aggregated social cost of 5,145 billion € in the period 2020 to 2050. Taxing CO2 emissions only leads to …

achieves full decarbonization (–0.15 Gt in 2050) and avoids damages of 1,386 billion € until 2050. Results explain missing …

achieves full decarbonization (-0.15 Gt in 2050) and avoids damages of 1,386 billion € until 2050. Results explain missing …

Decarbonization requires the transformation of power markets towards renewable energies and investment costs are …

Decarbonization requires the transformation of power markets towards renewable energies and investment costs are …

This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the … relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities …—and the mapping between these functions and various forms of taxation. Different types of taxation as well as expenditures on …