Where Is the Carbon Tax after Thirty Years of Research?
This paper takes a dive into the deep literature on the carbon tax accumulated through active and continuous research over the past 30 years. It also presents the ongoing debate and implementation of the carbon tax in practice. The paper discusses...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/180641529946278229/Where-is-the-carbon-tax-after-thirty-years-of-research http://hdl.handle.net/10986/29946 |
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okr-10986-299462022-09-18T12:15:40Z Where Is the Carbon Tax after Thirty Years of Research? Timilsina, Govinda R. CLIMATE CHANGE CARBON PRICING CARBON TAX CARBON POLICY ECONOMIC IMPACT REVENUE RECYCLING DISTRIBUTIONAL IMPACT BORDER TAX COMPETITIVENESS PARIS AGREEMENT This paper takes a dive into the deep literature on the carbon tax accumulated through active and continuous research over the past 30 years. It also presents the ongoing debate and implementation of the carbon tax in practice. The paper discusses the evolution of the carbon tax literature, classifying it by the issues investigated and methodology used for the investigation. It finds that the literature enlightens four key issues: (i) economic impacts, (ii) choices for revenue recycling, (iii) distributional implications, and (iv) competitiveness and border tax adjustment. Quantitative analysis, especially computable general equilibrium modeling, is the main method employed in the literature. The study shows that potential adverse economic impacts and competitiveness concerns are the main impediments to the introduction of the carbon tax. Extensive examinations of carbon tax issues at the global, regional, and country levels have led to innovative measures to address these concerns. While the carbon tax was mainly a subject of academic discussion until few years back, it has generated good attention for policy makers, particularly after the Paris Agreement on climate change, and is being considered as one of the main market instruments to address global climate change. Although several important issues related to the carbon tax have been well researched, its potential interactions with poverty and shared prosperity are yet to be investigated. 2018-06-28T15:38:51Z 2018-06-28T15:38:51Z 2018-06 Working Paper http://documents.worldbank.org/curated/en/180641529946278229/Where-is-the-carbon-tax-after-thirty-years-of-research http://hdl.handle.net/10986/29946 English Policy Research Working Paper;No. 8493 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CLIMATE CHANGE CARBON PRICING CARBON TAX CARBON POLICY ECONOMIC IMPACT REVENUE RECYCLING DISTRIBUTIONAL IMPACT BORDER TAX COMPETITIVENESS PARIS AGREEMENT |
| spellingShingle |
CLIMATE CHANGE CARBON PRICING CARBON TAX CARBON POLICY ECONOMIC IMPACT REVENUE RECYCLING DISTRIBUTIONAL IMPACT BORDER TAX COMPETITIVENESS PARIS AGREEMENT Timilsina, Govinda R. Where Is the Carbon Tax after Thirty Years of Research? |
| relation |
Policy Research Working Paper;No. 8493 |
| description |
This paper takes a dive into the deep
literature on the carbon tax accumulated through active and
continuous research over the past 30 years. It also presents
the ongoing debate and implementation of the carbon tax in
practice. The paper discusses the evolution of the carbon
tax literature, classifying it by the issues investigated
and methodology used for the investigation. It finds that
the literature enlightens four key issues: (i) economic
impacts, (ii) choices for revenue recycling, (iii)
distributional implications, and (iv) competitiveness and
border tax adjustment. Quantitative analysis, especially
computable general equilibrium modeling, is the main method
employed in the literature. The study shows that potential
adverse economic impacts and competitiveness concerns are
the main impediments to the introduction of the carbon tax.
Extensive examinations of carbon tax issues at the global,
regional, and country levels have led to innovative measures
to address these concerns. While the carbon tax was mainly a
subject of academic discussion until few years back, it has
generated good attention for policy makers, particularly
after the Paris Agreement on climate change, and is being
considered as one of the main market instruments to address
global climate change. Although several important issues
related to the carbon tax have been well researched, its
potential interactions with poverty and shared prosperity
are yet to be investigated. |
| format |
Working Paper |
| author |
Timilsina, Govinda R. |
| author_facet |
Timilsina, Govinda R. |
| author_sort |
Timilsina, Govinda R. |
| title |
Where Is the Carbon Tax after Thirty Years of Research? |
| title_short |
Where Is the Carbon Tax after Thirty Years of Research? |
| title_full |
Where Is the Carbon Tax after Thirty Years of Research? |
| title_fullStr |
Where Is the Carbon Tax after Thirty Years of Research? |
| title_full_unstemmed |
Where Is the Carbon Tax after Thirty Years of Research? |
| title_sort |
where is the carbon tax after thirty years of research? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/180641529946278229/Where-is-the-carbon-tax-after-thirty-years-of-research http://hdl.handle.net/10986/29946 |
| _version_ |
1764470872543854592 |