The use of petroleum as a leading source across the globe accounts for overall energy demand. However, despite what may appear to be a declining contribution of petroleum to the world's energy supply, overall consumption of petroleum has, excluding oscillations attributable to a select number of...

There is a growing interest in using carbon taxes to reduce greenhouse gas emissions, not only in industrialized economies but also in developing economies. Many countries have considered carbon pricing, including carbon taxes, as policy instruments to meet their emission reduction targets set...