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

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 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.

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Bibliographic Details
Main Authors: Aldy, Joseph, Ley, Eduardo, Parry, Ian
Format: Brief biblioteca
Language:English
Published: World Bank, Washington, DC 2008-07
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
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Summary: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.

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