Second-best Carbon Taxation in the Global Economy

Released on by Frederick van der Ploeg
preview-18

  • Second-best Carbon Taxation in the Global Economy Book Detail

  • Author : Frederick van der Ploeg
  • Release Date : 2015
  • Publisher :
  • Genre : Carbon dioxide mitigation
  • Pages : 37
  • ISBN 13 :
  • File Size : 5,5 MB
DOWNLOAD BOOK

Second-best Carbon Taxation in the Global Economy by Frederick van der Ploeg PDF Summary

Book Description: Unilateral second-best carbon taxes are analysed in a two-period, two-country model with international trade in final goods, oil and bonds. Acceleration of global warming resulting from a future carbon tax is large if the price elasticities of oil demand are large and that of oil supply is small. The fall in the world interest rate weakens this weak Green Paradox effect, especially if intertemporal substitution is weak. Still, green welfare rises if the fall in oil supply and cumulative emissions is strong enough. If the current carbon tax is too low, the second-best future carbon tax is set below the first best to mitigate adverse Green Paradox effects. Unilateral second-best optimal carbon taxes exceed the first-best taxes due to an import tariff component. The intertemporal terms of trade effects of the future carbon tax increase current and future tariffs and those of the current tax lower the current tariff. Finally, carbon leakage and globally altruistic and unilateral second-best optimal carbon taxes if non-Kyoto oil importers do not price carbon or price it too low are analysed in a three-country model of the global economy.

Disclaimer: www.yourbookbest.com does not own Second-best Carbon Taxation in the Global Economy books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

A Question of Balance

A Question of Balance

File Size : 25,25 MB
Total View : 2043 Views
DOWNLOAD

How economic analysis can help us design economic policies to address the looming challenges of global warming As scientific and observational evidence on globa

Sustainable Urban Mobility Pathways

Sustainable Urban Mobility Pathways

File Size : 51,51 MB
Total View : 5990 Views
DOWNLOAD

Sustainable Urban Mobility Pathways examines how sustainable urban mobility solutions contribute to achieving worldwide sustainable development and global clima

Carbon Taxes

Carbon Taxes

File Size : 44,44 MB
Total View : 665 Views
DOWNLOAD

The carbon tax is a major instrument for curbing greenhouse gas emissions that cause global warming. Yet its adoption has been limited because of concerns over