Slowing down global warming is one of the most critical problems facing the world's policymakers today. One favored solution is to regulate carbon consumption through taxation, including the taxation of gasoline. Yet gasoline tax levels are much lower in the United States than elsewhere. Why is...

This paper examines consumer gasoline demand response to cap-and-trade permit and low-carbon fuel standard credit prices, compared to input-price gasoline prices and gasoline taxes. Consumers have been shown to have a differential demand response to increases in input-price gasoline prices...

Diesel and gasoline account for around 95% of energy used for road transport in the OECD and for the largest share of revenue from taxes on energy. In 33 out of 34 OECD countries, diesel fuel is taxed at lower rates than gasoline both in terms of energy and carbon content. To assess whether this...