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

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 fu...

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Main Authors: Aldy, Joseph, Ley, Eduardo, Parry, Ian
Format: Brief
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2010/04/20182308/role-carbon-taxes-climate-change-mitigation
http://hdl.handle.net/10986/20115
id okr-10986-20115
recordtype oai_dc
spelling okr-10986-201152021-04-23T14:03:54Z What is the Role of Carbon Taxes in Climate Change Mitigation? (revised) Aldy, Joseph Ley, Eduardo Parry, Ian ABATEMENT COSTS ALLOWANCE ATMOSPHERE BASELINE EMISSIONS BORDER TAX CARBON CARBON CONTENT CARBON EMISSIONS CARBON PRICE CARBON TAX CARBON TAXES CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CLIMATE SCENARIOS CLIMATE-CHANGE CO CO2 COAL CONSUMPTION OF ENERGY COSTS OF EMISSIONS DAMAGES DISCOUNT RATES DOMESTIC CARBON ECONOMICS OF CLIMATE CHANGE ELECTRICITY EMISSION EMISSION PERMITS EMISSION SOURCES EMISSION TARGET EMISSION TARGETS EMISSIONS EMISSIONS ABATEMENT EMISSIONS CONTROL EMISSIONS LEAKAGE EMISSIONS PRICES EMISSIONS QUOTAS EMISSIONS REDUCTIONS EMISSIONS TARGETS EMISSIONS TAX EMISSIONS TAXES ENERGY INDUSTRIES ENERGY POLICY ENERGY TAXES ENVIRONMENTAL BENEFITS ENVIRONMENTAL POLICIES FEASIBILITY FOSSIL FUEL FUEL SUPPLY FUELS GHGS GLOBAL CARBON TAX GLOBAL CLIMATE CHANGE GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GREENHOUSE GASES HISTORICAL EMISSIONS IMPORTS INCOME INCOME TAXES INTERNATIONAL EMISSIONS LEVEL OF EMISSIONS NATIONAL EMISSIONS NATURAL GAS OIL OIL PRODUCERS PER CAPITA INCOME PER CAPITA INCOMES PETROLEUM PRODUCTS PORTFOLIO PRICE OF COAL PRICE OF ELECTRICITY PRICE VOLATILITY SEA LEVELS TAX CREDITS TAX LAWS TAX MEASURES TAX POLICIES TAX POLICY TAX RATE TAX REVENUES TAX SYSTEM 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 dioxide (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. 2014-09-15T15:20:05Z 2014-09-15T15:20:05Z 2010-04 http://documents.worldbank.org/curated/en/2010/04/20182308/role-carbon-taxes-climate-change-mitigation http://hdl.handle.net/10986/20115 English en_US PREM notes;no. 2. Special series on the economics of climate change CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ABATEMENT COSTS
ALLOWANCE
ATMOSPHERE
BASELINE EMISSIONS
BORDER TAX
CARBON
CARBON CONTENT
CARBON EMISSIONS
CARBON PRICE
CARBON TAX
CARBON TAXES
CLIMATE
CLIMATE CHANGE
CLIMATE CHANGE MITIGATION
CLIMATE POLICY
CLIMATE SCENARIOS
CLIMATE-CHANGE
CO
CO2
COAL
CONSUMPTION OF ENERGY
COSTS OF EMISSIONS
DAMAGES
DISCOUNT RATES
DOMESTIC CARBON
ECONOMICS OF CLIMATE CHANGE
ELECTRICITY
EMISSION
EMISSION PERMITS
EMISSION SOURCES
EMISSION TARGET
EMISSION TARGETS
EMISSIONS
EMISSIONS ABATEMENT
EMISSIONS CONTROL
EMISSIONS LEAKAGE
EMISSIONS PRICES
EMISSIONS QUOTAS
EMISSIONS REDUCTIONS
EMISSIONS TARGETS
EMISSIONS TAX
EMISSIONS TAXES
ENERGY INDUSTRIES
ENERGY POLICY
ENERGY TAXES
ENVIRONMENTAL BENEFITS
ENVIRONMENTAL POLICIES
FEASIBILITY
FOSSIL FUEL
FUEL SUPPLY
FUELS
GHGS
GLOBAL CARBON TAX
GLOBAL CLIMATE CHANGE
GLOBAL WARMING
GREENHOUSE
GREENHOUSE GAS
GREENHOUSE GAS EMISSION
GREENHOUSE GAS EMISSIONS
GREENHOUSE GASES
HISTORICAL EMISSIONS
IMPORTS
INCOME
INCOME TAXES
INTERNATIONAL EMISSIONS
LEVEL OF EMISSIONS
NATIONAL EMISSIONS
NATURAL GAS
OIL
OIL PRODUCERS
PER CAPITA INCOME
PER CAPITA INCOMES
PETROLEUM PRODUCTS
PORTFOLIO
PRICE OF COAL
PRICE OF ELECTRICITY
PRICE VOLATILITY
SEA LEVELS
TAX CREDITS
TAX LAWS
TAX MEASURES
TAX POLICIES
TAX POLICY
TAX RATE
TAX REVENUES
TAX SYSTEM
spellingShingle ABATEMENT COSTS
ALLOWANCE
ATMOSPHERE
BASELINE EMISSIONS
BORDER TAX
CARBON
CARBON CONTENT
CARBON EMISSIONS
CARBON PRICE
CARBON TAX
CARBON TAXES
CLIMATE
CLIMATE CHANGE
CLIMATE CHANGE MITIGATION
CLIMATE POLICY
CLIMATE SCENARIOS
CLIMATE-CHANGE
CO
CO2
COAL
CONSUMPTION OF ENERGY
COSTS OF EMISSIONS
DAMAGES
DISCOUNT RATES
DOMESTIC CARBON
ECONOMICS OF CLIMATE CHANGE
ELECTRICITY
EMISSION
EMISSION PERMITS
EMISSION SOURCES
EMISSION TARGET
EMISSION TARGETS
EMISSIONS
EMISSIONS ABATEMENT
EMISSIONS CONTROL
EMISSIONS LEAKAGE
EMISSIONS PRICES
EMISSIONS QUOTAS
EMISSIONS REDUCTIONS
EMISSIONS TARGETS
EMISSIONS TAX
EMISSIONS TAXES
ENERGY INDUSTRIES
ENERGY POLICY
ENERGY TAXES
ENVIRONMENTAL BENEFITS
ENVIRONMENTAL POLICIES
FEASIBILITY
FOSSIL FUEL
FUEL SUPPLY
FUELS
GHGS
GLOBAL CARBON TAX
GLOBAL CLIMATE CHANGE
GLOBAL WARMING
GREENHOUSE
GREENHOUSE GAS
GREENHOUSE GAS EMISSION
GREENHOUSE GAS EMISSIONS
GREENHOUSE GASES
HISTORICAL EMISSIONS
IMPORTS
INCOME
INCOME TAXES
INTERNATIONAL EMISSIONS
LEVEL OF EMISSIONS
NATIONAL EMISSIONS
NATURAL GAS
OIL
OIL PRODUCERS
PER CAPITA INCOME
PER CAPITA INCOMES
PETROLEUM PRODUCTS
PORTFOLIO
PRICE OF COAL
PRICE OF ELECTRICITY
PRICE VOLATILITY
SEA LEVELS
TAX CREDITS
TAX LAWS
TAX MEASURES
TAX POLICIES
TAX POLICY
TAX RATE
TAX REVENUES
TAX SYSTEM
Aldy, Joseph
Ley, Eduardo
Parry, Ian
What is the Role of Carbon Taxes in Climate Change Mitigation? (revised)
relation PREM notes;no. 2. Special series on the economics of climate change
description 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 dioxide (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.
format Publications & Research :: Brief
author Aldy, Joseph
Ley, Eduardo
Parry, Ian
author_facet Aldy, Joseph
Ley, Eduardo
Parry, Ian
author_sort Aldy, Joseph
title What is the Role of Carbon Taxes in Climate Change Mitigation? (revised)
title_short What is the Role of Carbon Taxes in Climate Change Mitigation? (revised)
title_full What is the Role of Carbon Taxes in Climate Change Mitigation? (revised)
title_fullStr What is the Role of Carbon Taxes in Climate Change Mitigation? (revised)
title_full_unstemmed What is the Role of Carbon Taxes in Climate Change Mitigation? (revised)
title_sort what is the role of carbon taxes in climate change mitigation? (revised)
publisher World Bank, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2010/04/20182308/role-carbon-taxes-climate-change-mitigation
http://hdl.handle.net/10986/20115
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