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The social cost of carbon and inequality : when local redistribution shapes global carbon prices

Kornek, Ulrike; Klenert, David; Edenhofer, Ottmar; … - 2019

metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …

Persistent link: https://www.econbiz.de/10012002880

Alternate solutions in mixing energy tax/subsidy and emission control policies

Heydari, Shahriar Shah; Vestergaard, Niels - 2015

In this article, we look at the combination of several market-based climate and energy policies and compare them with first best solution, i.e., a perfectly designed emission tax or emission cap level. It is shown that in the case an emission control policy is imperfect designed or implemented,...

Persistent link: https://www.econbiz.de/10010490124

Pigouvian income taxation

Ahlvik, Lassi; Liski, Matti; Mäkimattila, Mikael - 2024

This paper develops a mechanism design approach to study externalities and re-distribution. The mechanism screens individuals’ social weights to strike a balance among broad distributional objectives, incentives to work, and incentives to reduce externalities. The welfare-optimal allocation...

Persistent link: https://www.econbiz.de/10014556752

The political economy of mitigation and adaptation

Habla, Wolfgang; Roeder, Kerstin - 2016

In this paper, we acknowledge that the mitigation of and adaptation to climate change have differential fiscal impacts. Whereas mitigation typically raises fiscal revenues, adaptation is costly to the taxpayer and to a greater extent the more distortionary the tax system is. In an OLG model with...

Persistent link: https://www.econbiz.de/10011418012

Taxes, Permits, and Climate Change

Kaplow, Louis - 2010

This essay revisits the question of instrument choice for the regulation of externalities in the context of climate change. The central point is that the Pigouvian prescription to equate marginal control costs with the expected marginal benefits of damage reduction should guide the design of...

Persistent link: https://www.econbiz.de/10013139396

Two Decades of European Climate Policy : A Critical Appraisal

Böhringer, Christoph - 2014

Climate change ranks high on the policy agenda of the European Union (EU) which considers itself as a leading force in the battle against anthropogenic climate change. The EU is committed to the objective of limiting the rise in global average temperature to no more than 2°C above...

Persistent link: https://www.econbiz.de/10013062011

Efficient taxation of fuel and road use

Bjertnæs, Geir H. M. - 2019

This study calculates efficient taxes on fuel and road use designed to combat driving related externalities. The study shows that the efficient road user charge on fuel is below the marginal mileage-related damage to prevent tax avoidance due to an excessive economic driving-style. The current...

Persistent link: https://www.econbiz.de/10012005473

The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices

Kornek, Ulrike - 2019

Persistent link: https://www.econbiz.de/10012870643

Directed Technical Change and Climate Policy

Otto, Vincent M. - 2006

This paper studies the cost effectiveness of climate policy if there are technology externalities. For this purpose, we develop a forward-looking CGE model that captures empirical links between CO2 emissions associated with energy use, directed technical change and the economy. We find the...

Persistent link: https://www.econbiz.de/10012734148

Efficient taxation of fuel and road use

Bjertnæs, Geir H. M. - 2019

This study calculates efficient taxes on gasoline and road use designed to combat driving related externalities when motorists avoid taxes due to an excessive economic driving-style. The efficient tax on gasoline is reduced below the Pigouvian rate due to such avoidance. The current US tax rate...

Persistent link: https://www.econbiz.de/10012156698