tax on pollution and a subsidy on abatement activity. We help elucidate this policy choice by exploring the tax-subsidy … financing the tax or subsidy. We solve the model numerically based on Chinese data. We find that if revenue-recycling via lump … for the distribution of income between wages and profits) as an equivalent abatement subsidy. The move from recycling to …

China, the United States, and India, decided on a more gradual phasing out extending beyond 2030. This paper estimates the … welfare loss of about 1.5 percent. Some of the major emitters, such as China and India, will experience minimal impacts to …

China, the United States, and India, decided on a more gradual phasing out extending beyond 2030. This paper estimates the … welfare loss of about 1.5 percent. Some of the major emitters, such as China and India, will experience minimal impacts to …