What is the Role of Carbon Taxes in Climate Change Mitigation?

This note argues that a carbon tax system is more practical to implement, monitor and enforce than tradable permit-based approaches to global climate-change action. It suggests that a sensible design will be an upstream carbon tax on the fossil fue...

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Main Authors:	Aldy, Joseph, Ley, Eduardo, Parry, Ian
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ABATEMENT ABATEMENT COSTS ADDED TAX APPROACH ATMOSPHERE BASELINE EMISSIONS BORDER TAX CARBON CARBON CONTENT CARBON EMISSIONS CARBON PRICE CARBON TAX CARBON TAXES CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CLIMATE SCENARIOS COAL CONSUMPTION OF ENERGY DISTRIBUTION OF COSTS ELECTRICITY EMISSION EMISSION PERMITS EMISSION SOURCES EMISSION TARGET EMISSION TARGETS EMISSIONS EMISSIONS ABATEMENT EMISSIONS QUOTAS EMISSIONS REDUCTIONS EMISSIONS TARGETS EMISSIONS TAX EMISSIONS TAXES ENERGY INDUSTRIES ENERGY POLICY ENERGY TAXES ENVIRONMENTAL BENEFITS ENVIRONMENTAL POLICIES FOSSIL FOSSIL FUEL FOSSIL FUEL SUPPLY FUEL SOURCE FUEL SUPPLY FUEL SUPPLY CHAIN FUELS GASOLINE GASOLINE TAX GLOBAL CLIMATE CHANGE GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GREENHOUSE GASES INCOME INCOME TAXES INTERNATIONAL EMISSIONS LEVEL OF EMISSIONS MARGINAL EMISSIONS NATIONAL EMISSIONS NATURAL GAS OIL OIL PRODUCERS PER CAPITA INCOME PERMIT PRICE PETROLEUM PETROLEUM PRODUCTS PRICE OF COAL PRICE OF ELECTRICITY PRICE VOLATILITY QUANTITATIVE EMISSION RENEWABLE PORTFOLIO STANDARDS SEA LEVELS SEQUESTRATION ACTIVITIES TAX CREDITS TAX LAWS TAX MEASURES TAX POLICIES TAX POLICY TAX RATE TAX REVENUES TAX SYSTEM TRADABLE PERMIT VALUE ADDED TAX
Online Access:	http://documents.worldbank.org/curated/en/2008/07/9795765/role-carbon-taxes-climate-change-mitigation http://hdl.handle.net/10986/11147

id	okr-10986-11147
recordtype	oai_dc
spelling	okr-10986-111472021-04-23T14:02:54Z What is the Role of Carbon Taxes in Climate Change Mitigation? Aldy, Joseph Ley, Eduardo Parry, Ian ABATEMENT ABATEMENT COSTS ADDED TAX APPROACH ATMOSPHERE BASELINE EMISSIONS BORDER TAX CARBON CARBON CONTENT CARBON EMISSIONS CARBON PRICE CARBON TAX CARBON TAXES CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CLIMATE SCENARIOS COAL CONSUMPTION OF ENERGY DISTRIBUTION OF COSTS ELECTRICITY EMISSION EMISSION PERMITS EMISSION SOURCES EMISSION TARGET EMISSION TARGETS EMISSIONS EMISSIONS ABATEMENT EMISSIONS QUOTAS EMISSIONS REDUCTIONS EMISSIONS TARGETS EMISSIONS TAX EMISSIONS TAXES ENERGY INDUSTRIES ENERGY POLICY ENERGY TAXES ENVIRONMENTAL BENEFITS ENVIRONMENTAL POLICIES FOSSIL FOSSIL FUEL FOSSIL FUEL SUPPLY FUEL SOURCE FUEL SUPPLY FUEL SUPPLY CHAIN FUELS GASOLINE GASOLINE TAX GLOBAL CLIMATE CHANGE GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GREENHOUSE GASES INCOME INCOME TAXES INTERNATIONAL EMISSIONS LEVEL OF EMISSIONS MARGINAL EMISSIONS NATIONAL EMISSIONS NATURAL GAS OIL OIL PRODUCERS PER CAPITA INCOME PERMIT PRICE PETROLEUM PETROLEUM PRODUCTS PRICE OF COAL PRICE OF ELECTRICITY PRICE VOLATILITY QUANTITATIVE EMISSION RENEWABLE PORTFOLIO STANDARDS SEA LEVELS SEQUESTRATION ACTIVITIES TAX CREDITS TAX LAWS TAX MEASURES TAX POLICIES TAX POLICY TAX RATE TAX REVENUES TAX SYSTEM TRADABLE PERMIT VALUE ADDED TAX This note argues that a carbon tax system is more practical to implement, monitor and enforce than tradable permit-based approaches to global climate-change action. It suggests that a sensible design will be an upstream carbon tax on the fossil fuel supply chain, which can also include other major non-(carbon monoxide) CO2 greenhouse gases (GHGs). While risks such as fiscal cushioning exist, a tax-based system will be more transparent and offer the appropriate incentives for participation and compliance. 2012-08-13T14:17:04Z 2012-08-13T14:17:04Z 2008-07 http://documents.worldbank.org/curated/en/2008/07/9795765/role-carbon-taxes-climate-change-mitigation http://hdl.handle.net/10986/11147 English PREM Notes; No. 2 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ABATEMENT ABATEMENT COSTS ADDED TAX APPROACH ATMOSPHERE BASELINE EMISSIONS BORDER TAX CARBON CARBON CONTENT CARBON EMISSIONS CARBON PRICE CARBON TAX CARBON TAXES CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CLIMATE SCENARIOS COAL CONSUMPTION OF ENERGY DISTRIBUTION OF COSTS ELECTRICITY EMISSION EMISSION PERMITS EMISSION SOURCES EMISSION TARGET EMISSION TARGETS EMISSIONS EMISSIONS ABATEMENT EMISSIONS QUOTAS EMISSIONS REDUCTIONS EMISSIONS TARGETS EMISSIONS TAX EMISSIONS TAXES ENERGY INDUSTRIES ENERGY POLICY ENERGY TAXES ENVIRONMENTAL BENEFITS ENVIRONMENTAL POLICIES FOSSIL FOSSIL FUEL FOSSIL FUEL SUPPLY FUEL SOURCE FUEL SUPPLY FUEL SUPPLY CHAIN FUELS GASOLINE GASOLINE TAX GLOBAL CLIMATE CHANGE GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GREENHOUSE GASES INCOME INCOME TAXES INTERNATIONAL EMISSIONS LEVEL OF EMISSIONS MARGINAL EMISSIONS NATIONAL EMISSIONS NATURAL GAS OIL OIL PRODUCERS PER CAPITA INCOME PERMIT PRICE PETROLEUM PETROLEUM PRODUCTS PRICE OF COAL PRICE OF ELECTRICITY PRICE VOLATILITY QUANTITATIVE EMISSION RENEWABLE PORTFOLIO STANDARDS SEA LEVELS SEQUESTRATION ACTIVITIES TAX CREDITS TAX LAWS TAX MEASURES TAX POLICIES TAX POLICY TAX RATE TAX REVENUES TAX SYSTEM TRADABLE PERMIT VALUE ADDED TAX
spellingShingle	ABATEMENT ABATEMENT COSTS ADDED TAX APPROACH ATMOSPHERE BASELINE EMISSIONS BORDER TAX CARBON CARBON CONTENT CARBON EMISSIONS CARBON PRICE CARBON TAX CARBON TAXES CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CLIMATE SCENARIOS COAL CONSUMPTION OF ENERGY DISTRIBUTION OF COSTS ELECTRICITY EMISSION EMISSION PERMITS EMISSION SOURCES EMISSION TARGET EMISSION TARGETS EMISSIONS EMISSIONS ABATEMENT EMISSIONS QUOTAS EMISSIONS REDUCTIONS EMISSIONS TARGETS EMISSIONS TAX EMISSIONS TAXES ENERGY INDUSTRIES ENERGY POLICY ENERGY TAXES ENVIRONMENTAL BENEFITS ENVIRONMENTAL POLICIES FOSSIL FOSSIL FUEL FOSSIL FUEL SUPPLY FUEL SOURCE FUEL SUPPLY FUEL SUPPLY CHAIN FUELS GASOLINE GASOLINE TAX GLOBAL CLIMATE CHANGE GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GREENHOUSE GASES INCOME INCOME TAXES INTERNATIONAL EMISSIONS LEVEL OF EMISSIONS MARGINAL EMISSIONS NATIONAL EMISSIONS NATURAL GAS OIL OIL PRODUCERS PER CAPITA INCOME PERMIT PRICE PETROLEUM PETROLEUM PRODUCTS PRICE OF COAL PRICE OF ELECTRICITY PRICE VOLATILITY QUANTITATIVE EMISSION RENEWABLE PORTFOLIO STANDARDS SEA LEVELS SEQUESTRATION ACTIVITIES TAX CREDITS TAX LAWS TAX MEASURES TAX POLICIES TAX POLICY TAX RATE TAX REVENUES TAX SYSTEM TRADABLE PERMIT VALUE ADDED TAX Aldy, Joseph Ley, Eduardo Parry, Ian What is the Role of Carbon Taxes in Climate Change Mitigation?
relation	PREM Notes; No. 2
description	This note argues that a carbon tax system is more practical to implement, monitor and enforce than tradable permit-based approaches to global climate-change action. It suggests that a sensible design will be an upstream carbon tax on the fossil fuel supply chain, which can also include other major non-(carbon monoxide) CO2 greenhouse gases (GHGs). While risks such as fiscal cushioning exist, a tax-based system will be more transparent and offer the appropriate incentives for participation and compliance.
format	Publications & Research :: Brief
author	Aldy, Joseph Ley, Eduardo Parry, Ian
author_facet	Aldy, Joseph Ley, Eduardo Parry, Ian
author_sort	Aldy, Joseph
title	What is the Role of Carbon Taxes in Climate Change Mitigation?
title_short	What is the Role of Carbon Taxes in Climate Change Mitigation?
title_full	What is the Role of Carbon Taxes in Climate Change Mitigation?
title_fullStr	What is the Role of Carbon Taxes in Climate Change Mitigation?
title_full_unstemmed	What is the Role of Carbon Taxes in Climate Change Mitigation?
title_sort	what is the role of carbon taxes in climate change mitigation?
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2008/07/9795765/role-carbon-taxes-climate-change-mitigation http://hdl.handle.net/10986/11147
_version_	1764415693211566080

What is the Role of Carbon Taxes in Climate Change Mitigation?

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