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Global Warming Policy: A Public Finance Perspective

Global Warming Policy: A Public Finance Perspective Abstract In the last few years, a substantial volume of research has considered the design of taxes to slow greenhouse gas emissions as well as the economic effects of such policies. In this paper, I summarize the insights that have emerged from this work. I begin by explaining that while efficiency considerations create a presumption for using coordinated international policies to alter greenhouse gas emissions, the prospects for such action are bleak. Then I focus on the public finance of carbon taxes at the national level, considering the design of such taxes as well as their incidence across and within nations. Next, I focus on greenhouse gas emission policies that could be enacted in less-developed countries, such as the elimination of fossil fuel subsidies and other policies to slow deforestation. Finally I suggest several promising directions for future study. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

Global Warming Policy: A Public Finance Perspective

Journal of Economic Perspectives , Volume 7 (4) – Nov 1, 1993

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References (18)

Publisher
American Economic Association
Copyright
Copyright © 1993 by the American Economic Association
Subject
Symposia
ISSN
0895-3309
DOI
10.1257/jep.7.4.47
Publisher site
See Article on Publisher Site

Abstract

Abstract In the last few years, a substantial volume of research has considered the design of taxes to slow greenhouse gas emissions as well as the economic effects of such policies. In this paper, I summarize the insights that have emerged from this work. I begin by explaining that while efficiency considerations create a presumption for using coordinated international policies to alter greenhouse gas emissions, the prospects for such action are bleak. Then I focus on the public finance of carbon taxes at the national level, considering the design of such taxes as well as their incidence across and within nations. Next, I focus on greenhouse gas emission policies that could be enacted in less-developed countries, such as the elimination of fossil fuel subsidies and other policies to slow deforestation. Finally I suggest several promising directions for future study.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Nov 1, 1993

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