Global Warming Policy: A Public Finance Perspective
- (pp. 47-63)
AbstractIn the last few years, a substantial volume of research has considered the design of taxes to slow greenhouse gas emissions as well as the economic effects of such policies. In this paper, I summarize the insights that have emerged from this work. I begin by explaining that while efficiency considerations create a presumption for using coordinated international policies to alter greenhouse gas emissions, the prospects for such action are bleak. Then I focus on the public finance of carbon taxes at the national level, considering the design of such taxes as well as their incidence across and within nations. Next, I focus on greenhouse gas emission policies that could be enacted in less-developed countries, such as the elimination of fossil fuel subsidies and other policies to slow deforestation. Finally I suggest several promising directions for future study.
Citation1993. "Global Warming Policy: A Public Finance Perspective." Journal of Economic Perspectives, 7(4): 47-63. DOI: 10.1257/jep.7.4.47
- Q28 Renewable Resources and Conservation: Government Policy