Keywords: tax harmony, tax competition, allocative efficiency, location decisions, capital mobility, ecological dumping, price elasticity, efficiency, tradable permits
- Inderscience Publishers
- Are carbon taxes the best tool to implement the Kyoto ...
Are carbon taxes the best tool to implement the Kyoto commitments? A comment on Stephen Smith's paper
If carbon pricing is so great, why isn’t it working?
Political hurdles and low prices have made carbon pricing a low-impact affair. But there’s still hope it can help limit climate change. Earth’s atmosphere has long served as a free dump for carbon dioxide and other greenhouse gases generated by humans. That is changing as policy-makers embrace economists’ advice that the best way to cut greenhouse gas emissions is to charge an atmospheric disposal fee. As a result, governments are increasingly tacking on a price for carbon when fossil fuels are...
Prepare now for the carbon tax bill or face hefty fines
To avoid massive financial penalties, South Africa-based industries need to immediately prepare for the implementation of the Carbon Tax Bill, warns Roger Rusch, CEO of IWC (Industrial Water Cooling). In November 2015, the National Treasury published the Draft Carbon Tax Bill for public comment. Once implemented, the Bill will penalise companies with excessive Green House Gas (GHG) emissions, with the aim of changing the behaviour of companies by motivating them to shift towards cleaner, more energy-efficient...
Carbon tax - key instrument for energy transition!
Summary: Global warming is the most challenging problem facing humanity today due to the excessive use of fossil fuels. Carbon tax (carbon dioxide tax) is a simple and efficient way to reduce the use of fossil fuels, improve energy efficiency, and make renewables more competitive. It can be tax neutral, as reducing other taxes will complement carbon tax implementation. It is a smart move to a more sustainable lifestyle and investment for the future. Therefore, the carbon taxes are an indispensable tool for rapid...
Beyond Keystone XL: How to win the war on climate change
If we want to permanently kill the pipeline, we will need to kill demand for the product. Recently, environmentalists celebrated President Obama’s veto of the Keystone XL pipeline. But we shouldn’t jump for joy too soon. As long as the price of oil, now about $50 per barrel, is above the cost of producing oil from the tar sands deposits, the Canadians will surely get their oil to market — by an alternative pipeline, by tank car, even by mules if need be. Each of these will carry an environmental...
A CGE assessment of the Australian carbon tax policy
In July 2012, the Australian Government introduced a price on carbon at an initial price of $23 per tonne. Despite the detailed modelling undertaken by the Commonwealth Treasury, there has been continuing speculation about the economic impact of the carbon tax in Australia. In this paper, we build a computable general equilibrium (CGE) model incorporating many new features to model the impact of carbon taxes and to deal with the issue of emissions. The analysis is undertaken by simulating the impact of a carbon...