Slowing down global warming is one of the most critical problems facing the world's policymakers today. One favored solution is to regulate carbon consumption through taxation, including the taxation of gasoline. Yet gasoline tax levels are much lower in the United States than elsewhere. Why is...

Introduction -- Government's rationale for fiscal reform -- The UKCS fiscal regime prior to the fiscal review and the case for its reform -- The post-fiscal review reforms -- The new UKCS fiscal regime : a proposal for reform -- Conclusion -- Appendix I: Historical brent spot fob prices --...