Description: What is the Role of Carbon Taxes in Climate Change Mitigation? (revised)

What is the Role of Carbon Taxes in Climate Change Mitigation? (revised)

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 fu...

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Bibliographic Details
Main Authors:	Aldy, Joseph, Ley, Eduardo, Parry, Ian
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ABATEMENT COSTS ALLOWANCE ATMOSPHERE BASELINE EMISSIONS BORDER TAX CARBON CARBON CONTENT CARBON EMISSIONS CARBON PRICE CARBON TAX CARBON TAXES CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE POLICY CLIMATE SCENARIOS CLIMATE-CHANGE CO CO2 COAL CONSUMPTION OF ENERGY COSTS OF EMISSIONS DAMAGES DISCOUNT RATES DOMESTIC CARBON ECONOMICS OF CLIMATE CHANGE ELECTRICITY EMISSION EMISSION PERMITS EMISSION SOURCES EMISSION TARGET EMISSION TARGETS EMISSIONS EMISSIONS ABATEMENT EMISSIONS CONTROL EMISSIONS LEAKAGE EMISSIONS PRICES EMISSIONS QUOTAS EMISSIONS REDUCTIONS EMISSIONS TARGETS EMISSIONS TAX EMISSIONS TAXES ENERGY INDUSTRIES ENERGY POLICY ENERGY TAXES ENVIRONMENTAL BENEFITS ENVIRONMENTAL POLICIES FEASIBILITY FOSSIL FUEL FUEL SUPPLY FUELS GHGS GLOBAL CARBON TAX GLOBAL CLIMATE CHANGE GLOBAL WARMING GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSION GREENHOUSE GAS EMISSIONS GREENHOUSE GASES HISTORICAL EMISSIONS IMPORTS INCOME INCOME TAXES INTERNATIONAL EMISSIONS LEVEL OF EMISSIONS NATIONAL EMISSIONS NATURAL GAS OIL OIL PRODUCERS PER CAPITA INCOME PER CAPITA INCOMES PETROLEUM PRODUCTS PORTFOLIO PRICE OF COAL PRICE OF ELECTRICITY PRICE VOLATILITY SEA LEVELS TAX CREDITS TAX LAWS TAX MEASURES TAX POLICIES TAX POLICY TAX RATE TAX REVENUES TAX SYSTEM
Online Access:	http://documents.worldbank.org/curated/en/2010/04/20182308/role-carbon-taxes-climate-change-mitigation http://hdl.handle.net/10986/20115

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Summary:	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.

What is the Role of Carbon Taxes in Climate Change Mitigation? (revised)

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