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DOI | 10.1016/j.jeem.2024.102950 |
Implicit carbon prices Making do with the taxes we have | |
发表日期 | 2024 |
ISSN | 0095-0696 |
EISSN | 1096-0449 |
起始页码 | 125 |
卷号 | 125 |
英文摘要 | Climate and fiscal policy interact closely. The former imposes explicit prices for carbon emissions, while the latter affects emissions implicitly. We study the correspondence between explicit and implicit carbon pricing of a Ramsey -optimal fiscal policy in a neoclassical growth model of climate change. Our central result is that any arbitrary sequence of explicit carbon prices can be achieved implicitly through a blend of conventional taxes (e.g., consumption, energy, and income taxes), when lump -sum transfers are available. In a Ramsey setting, policy balances these taxes' traditional revenue -raising role with the Pigouvian role of fixing the climate externality. We characterize the Ramsey and Pigouvian components of optimal tax rates. We show that explicit carbon pricing is implicitly implementable through a mix of conventional taxes also in this framework. We extend these findings to scenarios compatible with net -zero emissions, adding carbon capture technologies and a cap on cumulative emissions. |
英文关键词 | Fiscal policy; Optimal taxation; Tax equivalence; Implicit carbon prices |
语种 | 英语 |
WOS研究方向 | Business & Economics ; Environmental Sciences & Ecology |
WOS类目 | Business ; Economics ; Environmental Studies |
WOS记录号 | WOS:001210355000001 |
来源期刊 | JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT |
文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/292110 |
作者单位 | Universidad Torcuato Di Tella; Vienna University of Economics & Business; International Institute for Applied Systems Analysis (IIASA) |
推荐引用方式 GB/T 7714 | . Implicit carbon prices Making do with the taxes we have[J],2024,125. |
APA | (2024).Implicit carbon prices Making do with the taxes we have.JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT,125. |
MLA | "Implicit carbon prices Making do with the taxes we have".JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 125(2024). |
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