To Tax or Not to Tax: Alternative Approaches to Slowing Global Warming

@article{Nordhaus2007ToTO,
  title={To Tax or Not to Tax: Alternative Approaches to Slowing Global Warming},
  author={William Nordhaus},
  journal={Review of Environmental Economics and Policy},
  year={2007},
  volume={1},
  pages={26 - 44}
}
  • W. Nordhaus
  • Published 2007
  • Environmental Science
  • Review of Environmental Economics and Policy
This study reviews different approaches to the political and economic control of global public goods such as global warming. It compares quantity-oriented control mechanisms like the Kyoto Protocol with price-type control mechanisms such as internationally harmonized carbon taxes. The analysis focuses on such issues as the relationship to ultimate targets, performance under conditions of uncertainty, volatility of induced carbon prices, the inefficiencies of taxation and regulation, potential… Expand
A Global Carbon Tax to Compensate Damage and Adaptation Costs
We analyze the implications of a global carbon tax on CO2 to finance the damage and adaptation costs of developing countries (DCs) using the computable general equilibrium model GEMINI-E3. WeExpand
Reacting to Greenhouse Gas Emissions: A Carbon Tax to Meet Emission Targets
In previous papers I have described a revenue and distributionally neutral approach to reducing U.S. greenhouse gas emissions that uses a carbon tax. The revenue from the carbon tax is used toExpand
Moving U.S. Climate Policy Forward: Are Carbon Taxes the Only Good Alternative?
This paper estimates the welfare costs of the main medium-term options for significantly reducing U.S. energy-related carbon dioxide (CO2) emissions, including carbon taxes and cap-and-trade systemsExpand
Cost Containment in Climate Change Policy: Alternative Approaches to Mitigating Price Volatility
Cap and trade systems are emerging as the front-running policy choice to address climate change concerns in many countries. One of the apparent attractions of this approach is the ability to achieveExpand
Designing a Carbon Tax to Reduce U.S. Greenhouse Gas Emissions
  • G. Metcalf
  • Economics
  • Review of Environmental Economics and Policy
  • 2009
This article describes a revenue and distributionally neutral approach to reducing U.S. greenhouse gas emissions that uses a carbon tax. The revenue from the carbon tax is used to finance anExpand
Environmental Tax Reform: Principles from Theory and Practice to Date
This paper recommends a system of upstream taxes on fossil fuels, combined with refunds for downstream emissions capture, to reduce carbon and local pollution emissions. Motor fuel taxes should alsoExpand
Carbon taxes: a review of experience and policy design considerations
State and local governments in the USA are evaluating a wide range of policies to reduce carbon emissions, including carbon taxes, which have existed internationally for nearly 20 years. In thisExpand
Carbon Taxes. A Review of Experience and Policy Design Considerations
State and local governments in the USA are evaluating a wide range of policies to reduce carbon emissions, including carbon taxes, which have existed internationally for nearly 20 years. In thisExpand
Environmental Tax Reform: Principles from Theory and Practice
On the basis of the environmental tax literature, this article recommends a system of upstream taxes on fossil fuels, combined with refunds for downstream emissions capture, to reduce carbon andExpand
Global Climate Change Mitigation: Strategic Incentives
Central to global agreement on carbon emissions are strategic interactions amongst regions over carbon tax implementation and the benefits to be shared. These are re-examined in this paper, in whichExpand
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 47 REFERENCES
Global Warming Economics
Under the recent revision of the Kyoto Protocol at Bonn, Germany, countries decided to move ahead with policies to slow greenhouse warming without the United States. Using the RICE-2001 model, the Expand
Revenue-Raising versus Other Approaches to Environmental Protection: The Critical Significance of Preexisting Tax Distortions
Using analytical and numerical general equilibrium models, we show that preexisting factor taxes produce a "tax-interaction effect" that increases the costs of pollution taxes and quotas. UnderExpand
Prices vs. Quantities Revisited: The Case of Climate Change
Uncertainty about compliance costs causes otherwise equivalent price and quantity controls to behave differently. Price controls in the form of taxes fix the marginal cost of compliance and lead toExpand
The Role of Economics in Climate Change Policy
The most important characteristic of climate change as a policy problem is uncertainty. From climatology to economics, uncertainties are pervasive, large and difficult to resolve. However, theExpand
Revenue-Raising vs. Other Approaches to Environmental Protection: The Critical Significance of Pre-Existing Tax Distortions
This paper examines the choice between revenue-raising and non-revenue-raising instruments for environmental protection in a second-best setting with pre- existing factor taxes. We find thatExpand
The Economics of the Kyoto Protocol
This paper surveys economic aspects of the Kyoto Protocol, the Treaty adopted to control emissions of the greenhouse gases that contribute to climate change. The first part focuses upon theExpand
Optimal Environmental Taxation in the Presence of Other Taxes: General Equilibrium Analyses
This paper examines the optimal setting of environmental taxes in economies where other, distortionary taxes are present. We employ analytical and numerical models to explore the degree to which, inExpand
The "Stern Review" on the Economics of Climate Change
How much and how fast should the globe reduce greenhouse-gas emissions? How should nations balance the costs of the reductions against the damages and dangers of climate change? This question hasExpand
Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty
We compare taxes and quotas when firms and the regulator have asymmetric information about abatement costs. Damages are caused by a stock pollutant. Uncertainty enters multiplicatively, i.e. itExpand
The Economics of the Kyoto Protocol
In this paper we use the Second Generation Model to develop an assessment of the energy and economic implications of achieving the goals of the Kyoto Protocol. We find that many of the details of theExpand
...
1
2
3
4
5
...