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Carbon taxes are a potential revenue source that could play a key role in major tax reform. This paper employs a numerical general equilibrium model of the United States to evaluate alternative tax reductions that could be financed by the revenues from a carbon tax. We consider a carbon tax that...
Persistent link: https://www.econbiz.de/10013074712
We consider a game between jurisdictions within a national economy. Capital migrates between jurisdictions to satisfy an equal return condition. The total supply of capital to the economy is a non-decreasing function of the national return. This allows us to cater for the case where capital has...
Persistent link: https://www.econbiz.de/10013135689
The United States recently ratified the Paris Agreement, under the UN Framework Convention on Climate Change (UNFCCC … significantly contribute to the additional reductions necessary to fulfill our international climate commitments. Using a detailed …
Persistent link: https://www.econbiz.de/10012978482
For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...
Persistent link: https://www.econbiz.de/10012861409
For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...
Persistent link: https://www.econbiz.de/10012105543
A concern often raised about a carbon tax is that it does not provide any certainty as to the quantity of emission reductions achieved under the policy. We explore in this Issue Brief how greater emission reduction certainty can be built into a carbon tax. We first define a Tax Adjustment...
Persistent link: https://www.econbiz.de/10012981241
This paper examines potential environmental tax policy reforms. It focuses primarily on a carbon tax, but also more briefly considers a range of other possible changes. These include revising or eliminating various energy and environmental tax credits and deductions (many of which might become...
Persistent link: https://www.econbiz.de/10012981656
This paper is the first to investigate the effectiveness of fuel taxation to jointly deliver climate and health benefits … newspapers. We further show that gasoline-to-diesel substitution substantially mediates the trade-off between climate and health … to reduce climate and health externalities. …
Persistent link: https://www.econbiz.de/10014295072
This paper is the first to investigate the effectiveness of fuel taxation to jointly deliver climate and health …-off between climate and health benefits. Our results highlight the key roles of tax salience and fuel-substitution in mediating … the effectiveness of fuel taxes to reduce climate and health externalities. …
Persistent link: https://www.econbiz.de/10014305676
effectiveness of fuel taxes to deliver climate and health benefits. …
Persistent link: https://www.econbiz.de/10014637013