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Leviathan carbon taxes in the short run.
- Source :
- Climatic Change; Sep2012, Vol. 114 Issue 2, p409-415, 7p
- Publication Year :
- 2012
-
Abstract
- A cap is imposed on the carbon tax rate if the total tax revenue is not allowed to increase. Using recent data on the carbon-intensity of the economy and the overall tax take, I show that this cap constrains almost any climate policy in at least some countries. A larger number of countries, emitting a substantial share of global carbon dioxide, cannot fully participate if the carbon tax (or equivalent alternative regulation) is high enough to meet the 2 °C target. For that target, the carbon tax revenue in 2020 is greater than 10 % of total tax revenue in every country. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01650009
- Volume :
- 114
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Climatic Change
- Publication Type :
- Academic Journal
- Accession number :
- 78218120
- Full Text :
- https://doi.org/10.1007/s10584-012-0544-z