A Tax-Based Approach to Slowing Global Climate Change
This paper discusses the design of CO2 taxes at the domestic and international level and the choice of taxes versus cap and trade. There is a strong case for taxes on uncertainty, fiscal, and distributional grounds, though this critically hinges on policy specifics and how revenues are used. The eff...
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| Format: | Journal Article |
| Language: | EN |
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2012
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| Online Access: | http://hdl.handle.net/10986/5523 |
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okr-10986-55232021-04-23T14:02:22Z A Tax-Based Approach to Slowing Global Climate Change Aldy, Joseph E. Ley, Eduardo Parry, Ian Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 International Fiscal Issues International Public Goods H870 Climate Natural Disasters Global Warming Q540 Environmental Economics: Government Policy Q580 This paper discusses the design of CO2 taxes at the domestic and international level and the choice of taxes versus cap and trade. There is a strong case for taxes on uncertainty, fiscal, and distributional grounds, though this critically hinges on policy specifics and how revenues are used. The efficient near-term tax is at least $5-$20 per ton of CO2 and the tax should be imposed upstream with incentives for downstream sequestration and abatement of other greenhouse gases. At the international level, a key challenge is the possibility that emissions taxes might be undermined through offsetting changes in other energy policies. 2012-03-30T07:33:15Z 2012-03-30T07:33:15Z 2008 Journal Article National Tax Journal 00280283 http://hdl.handle.net/10986/5523 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
EN |
| topic |
Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 International Fiscal Issues International Public Goods H870 Climate Natural Disasters Global Warming Q540 Environmental Economics: Government Policy Q580 |
| spellingShingle |
Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 International Fiscal Issues International Public Goods H870 Climate Natural Disasters Global Warming Q540 Environmental Economics: Government Policy Q580 Aldy, Joseph E. Ley, Eduardo Parry, Ian A Tax-Based Approach to Slowing Global Climate Change |
| relation |
http://creativecommons.org/licenses/by-nc-nd/3.0/igo |
| description |
This paper discusses the design of CO2 taxes at the domestic and international level and the choice of taxes versus cap and trade. There is a strong case for taxes on uncertainty, fiscal, and distributional grounds, though this critically hinges on policy specifics and how revenues are used. The efficient near-term tax is at least $5-$20 per ton of CO2 and the tax should be imposed upstream with incentives for downstream sequestration and abatement of other greenhouse gases. At the international level, a key challenge is the possibility that emissions taxes might be undermined through offsetting changes in other energy policies. |
| format |
Journal Article |
| author |
Aldy, Joseph E. Ley, Eduardo Parry, Ian |
| author_facet |
Aldy, Joseph E. Ley, Eduardo Parry, Ian |
| author_sort |
Aldy, Joseph E. |
| title |
A Tax-Based Approach to Slowing Global Climate Change |
| title_short |
A Tax-Based Approach to Slowing Global Climate Change |
| title_full |
A Tax-Based Approach to Slowing Global Climate Change |
| title_fullStr |
A Tax-Based Approach to Slowing Global Climate Change |
| title_full_unstemmed |
A Tax-Based Approach to Slowing Global Climate Change |
| title_sort |
tax-based approach to slowing global climate change |
| publishDate |
2012 |
| url |
http://hdl.handle.net/10986/5523 |
| _version_ |
1764395356180709376 |