Publication: What is the Role of Carbon Taxes in Climate Change Mitigation? (revised)
Date
2010-04
ISSN
Published
2010-04
Author(s)
Aldy, Joseph
Ley, Eduardo
Parry, Ian
Abstract
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.
Link to Data Set
Citation
“Aldy, Joseph; Ley, Eduardo; Parry, Ian. 2010. What is the Role of Carbon Taxes in Climate Change Mitigation? (revised). PREM notes;no. 2. Special series on the
economics of climate change. © World Bank, Washington, DC. http://hdl.handle.net/10986/20115 License: CC BY 3.0 IGO.”