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metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012002880
metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012870643
In this paper, we acknowledge that the mitigation of and adaptation to climate change have differential fiscal impacts. Whereas mitigation typically raises fiscal revenues, adaptation is costly to the taxpayer and to a greater extent the more distortionary the tax system is. In an OLG model with...
Persistent link: https://www.econbiz.de/10011418012
In this paper, we acknowledge that the mitigation of and adaptation to climate change have differential fiscal impacts. Whereas mitigation typically raises fiscal revenues, adaptation is costly to the taxpayer and to a greater extent the more distortionary the tax system is. In an OLG model with...
Persistent link: https://www.econbiz.de/10012997332
Understanding the distributional impacts of market-based climate policies is crucial to design economically efficient climate change mitigation policies that are socially acceptable and avoid adverse impacts on the poor. Empirical studies that examine the distributional impacts of carbon pricing...
Persistent link: https://www.econbiz.de/10011945782
This paper examines how income inequality can affect the polarization of heterogeneous party platforms on climate … preferred redistribution. A static gametheoretic model of two-dimensional political competition on a carbon tax (with … distributional implications) and an income tax is combined with a model of a carbonintensive economy. For a higher inequality of pre …
Persistent link: https://www.econbiz.de/10012137387
damage function. This result offers a simple rule to account for inequality in the design of climate policy. We show that … wealthier regions should bear more responsibility for carbon capture to cleanse the atmosphere, and that inequality per se does … capture serves as a redistribution tool when direct lump-sum transfers across regions are unfeasible. …
Persistent link: https://www.econbiz.de/10014632377
carbon emission reduction than redistribution (inequality reduction by transfers). However, those countries who contribute …This study investigates the relationship between distinct types of inequality and CO2 emissions using panel data on 156 … that pre-distribution (inequality reduction by structural changes and social protection) is better aligned with the goal of …
Persistent link: https://www.econbiz.de/10014556641
IPCC (2022) documents a looming gap between climate goals and implemented policies and points to a lack of political commitment. We study policymakers' incentives to commit. A policymaker decides on a policy to encourage citizens to make investments and determines the degree of flexibility to...
Persistent link: https://www.econbiz.de/10014369623
In this article, we look at the combination of several market-based climate and energy policies and compare them with first best solution, i.e., a perfectly designed emission tax or emission cap level. It is shown that in the case an emission control policy is imperfect designed or implemented,...
Persistent link: https://www.econbiz.de/10010490124