A Simple Methodology for Calculating the Impact of a Carbon Tax

A Simple Methodology for Calculating the Impact of a Carbon Tax

This technical note discusses how to implement a carbon tax at the national level. A carbon tax is a tax on fossil fuels, such as coal, natural gas, and crude oil (including fossil fuel products such as gasoline), that is imposed according to the c...

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Bibliographic Details
Main Author: Stretton, Stephen
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
CLIMATE CHANGE
CARBON TAX
TAXATION
GREENHOUSE GAS EMISSIONS
FUEL PRICE
FISCAL IMPACT
FUEL USE
AIR POLLUTION
REVENUE
Online Access:http://documents.worldbank.org/curated/en/744681596643502208/A-Simple-Methodology-for-Calculating-the-Impact-of-a-Carbon-Tax
http://hdl.handle.net/10986/34279
id okr-10986-34279
recordtype oai_dc
spelling okr-10986-342792021-05-25T09:57:53Z A Simple Methodology for Calculating the Impact of a Carbon Tax Stretton, Stephen CLIMATE CHANGE CARBON TAX TAXATION GREENHOUSE GAS EMISSIONS FUEL PRICE FISCAL IMPACT FUEL USE AIR POLLUTION REVENUE This technical note discusses how to implement a carbon tax at the national level. A carbon tax is a tax on fossil fuels, such as coal, natural gas, and crude oil (including fossil fuel products such as gasoline), that is imposed according to the carbon dioxide (CO2) each fuel emits when burnt. The rate at which this CO2 is taxed is known as the carbon tax rate or carbon price. This paper uses simple numerical calculations to model the effect of a carbon tax on fuel prices, fuel use, fiscal revenue, and CO2 emissions. A carbon tax would also have a substantial beneficial effect on local air pollution, although this is not explicitly modelled in this note. 2020-08-06T13:40:46Z 2020-08-06T13:47:34Z 2020-08-06T13:40:46Z 2020-08-06T13:47:34Z 2020-08 Working Paper http://documents.worldbank.org/curated/en/744681596643502208/A-Simple-Methodology-for-Calculating-the-Impact-of-a-Carbon-Tax http://hdl.handle.net/10986/34279 English MTI Discussion Paper;No. 23 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & 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 TAX
TAXATION
GREENHOUSE GAS EMISSIONS
FUEL PRICE
FISCAL IMPACT
FUEL USE
AIR POLLUTION
REVENUE
spellingShingle CLIMATE CHANGE
CARBON TAX
TAXATION
GREENHOUSE GAS EMISSIONS
FUEL PRICE
FISCAL IMPACT
FUEL USE
AIR POLLUTION
REVENUE
Stretton, Stephen
A Simple Methodology for Calculating the Impact of a Carbon Tax
relation MTI Discussion Paper;No. 23
description This technical note discusses how to implement a carbon tax at the national level. A carbon tax is a tax on fossil fuels, such as coal, natural gas, and crude oil (including fossil fuel products such as gasoline), that is imposed according to the carbon dioxide (CO2) each fuel emits when burnt. The rate at which this CO2 is taxed is known as the carbon tax rate or carbon price. This paper uses simple numerical calculations to model the effect of a carbon tax on fuel prices, fuel use, fiscal revenue, and CO2 emissions. A carbon tax would also have a substantial beneficial effect on local air pollution, although this is not explicitly modelled in this note.
format Working Paper
author Stretton, Stephen
author_facet Stretton, Stephen
author_sort Stretton, Stephen
title A Simple Methodology for Calculating the Impact of a Carbon Tax
title_short A Simple Methodology for Calculating the Impact of a Carbon Tax
title_full A Simple Methodology for Calculating the Impact of a Carbon Tax
title_fullStr A Simple Methodology for Calculating the Impact of a Carbon Tax
title_full_unstemmed A Simple Methodology for Calculating the Impact of a Carbon Tax
title_sort simple methodology for calculating the impact of a carbon tax
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/744681596643502208/A-Simple-Methodology-for-Calculating-the-Impact-of-a-Carbon-Tax
http://hdl.handle.net/10986/34279
_version_ 1764480561961762816

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