Green fiscal reforms would contribute to climate change mitigation, increase the economic efficiency of national tax systems and provide additional public revenues. Some countries in Latin America have already taken first steps towards green fiscal reforms. This paper provides an overview of the...

Lemoine and Rudik (2017) argue that it is efficient to delay reducing carbon emissions, because there is substantial inertia in the climate system. However, this conclusion rests upon misunderstanding the relevant climate physics: there is no substantial lag between CO2 emissions and warming,...

We consider an overlapping generations (OLG) economy with land as a fixed factor of production and an environmental externality on production in which tax revenue from land rent and/or from other schemes such as labor income, capital income, and production taxation can be used for environmental...

Das Ziel des Pariser Klimaabkommens, den globalen Temperaturanstieg auf deutlich unter 2°C zu begrenzen, erfordert eine emissionsneutrale Weltwirtschaft ab Mitte dieses Jahrhunderts. Ein sektorübergreifender und weltweiter CO2-Preis ist das kosteneffektivste Instrument, um dieses Ziel zu...