Distribution of Revenues from a Cap-and-Trade Program for CO2 Emissions

Distribution of Revenues from a Cap-and-Trade Program for CO2 Emissions PDF Author: Douglas W. Elmendorf
Publisher: DIANE Publishing
ISBN: 1437922481
Category : Technology & Engineering
Languages : en
Pages : 28

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Book Description
Testimony on the distribution of revenues that could be generated by a cap-and-trade program for reducing U.S. emissions of carbon dioxide. The potential cost of reducing the effect of climate change may be significant because it would entail substantial reductions in global emissions over the coming decades. One option for reducing emissions in a cost-effective manner is to establish a carefully designed cap-and-trade program. Under such a program, the government would set gradually tightening limits on emissions, issue rights (or allowances) consistent with those limits, and then let firms trade the allowances among themselves. Charts and tables.

Distribution of Revenues from a Cap-and-Trade Program for CO2 Emissions

Distribution of Revenues from a Cap-and-Trade Program for CO2 Emissions PDF Author: Douglas W. Elmendorf
Publisher: DIANE Publishing
ISBN: 1437922481
Category : Technology & Engineering
Languages : en
Pages : 28

Get Book Here

Book Description
Testimony on the distribution of revenues that could be generated by a cap-and-trade program for reducing U.S. emissions of carbon dioxide. The potential cost of reducing the effect of climate change may be significant because it would entail substantial reductions in global emissions over the coming decades. One option for reducing emissions in a cost-effective manner is to establish a carefully designed cap-and-trade program. Under such a program, the government would set gradually tightening limits on emissions, issue rights (or allowances) consistent with those limits, and then let firms trade the allowances among themselves. Charts and tables.

Confronting the Climate Challenge

Confronting the Climate Challenge PDF Author: Lawrence Goulder
Publisher: Columbia University Press
ISBN: 0231545932
Category : Political Science
Languages : en
Pages : 354

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Book Description
Without significant reductions of greenhouse gas emissions, climate change will cause substantial damage to the environment and the economy. The scope of the threat demands a close look at the policies capable of reducing the harm. Confronting the Climate Challenge presents a unique framework for evaluating the impacts of a range of U.S. climate-policy options, both for the economy overall and for particular household groups, industries, and regions. Lawrence Goulder and Marc Hafstead focus on four alternative approaches for reducing carbon dioxide emissions: a revenue-neutral carbon tax, a cap-and-trade program, a clean energy standard, and an increase in the federal gasoline tax. They demonstrate that these policies—if designed correctly—not only can achieve emissions reductions at low cost but also can avoid placing undesirable burdens on low-income household groups or especially vulnerable industries. Goulder and Hafstead apply a multiperiod, economy-wide general equilibrium model that is distinct in its attention to investment dynamics and to interactions between climate policy and the tax system. Exploiting the unique features of the model, they contrast the shorter- and longer-term policy impacts and focus on alternative ways of feeding back—or “recycling”—policy-generated revenues to the private sector. Their work shows how careful policy design, including the judicious use of policy-generated revenues, can achieve desired reductions in carbon dioxide emissions at low cost, avoid uneven impacts across household income groups, and prevent losses of profit in the most vulnerable U.S. industries. The urgency of the climate problem demands comprehensive action, and Confronting the Climate Challenge offers important insights that can help elevate policy discussions and spur needed efforts on the climate front.

The Greenhouse Gas Protocol

The Greenhouse Gas Protocol PDF Author:
Publisher: World Business Pub.
ISBN: 9781569735688
Category : Business enterprises
Languages : en
Pages : 0

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Book Description
The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.

The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications

The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications PDF Author: Baoping Shang
Publisher: International Monetary Fund
ISBN: 151357339X
Category : Business & Economics
Languages : en
Pages : 32

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Book Description
Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.

Tools of the Trade

Tools of the Trade PDF Author: Canada. Environment Canada
Publisher: Canadian Government Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 80

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Book Description
"This guidebook is intended as a reference for policymakers and regulators considering cap and trade as a policy tool to control pollution. It is intended to be sufficiently generic to apply to various pollutants and environmental concerns; however, it emphasizes cap and trade to control emissions produced from stationary source combustion."--Page 1-1, Introduction.

Markets for Clean Air

Markets for Clean Air PDF Author: A. Denny Ellerman
Publisher: Cambridge University Press
ISBN: 0521660831
Category : Business & Economics
Languages : en
Pages : 388

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Book Description
The book analyzes the behavior and performance of the market for emissions permits, called allowances in the Acid Rain Program, and quantifies emission reductions, compliance costs, and cost savings associated with the trading program."--BOOK JACKET.

Carbon-Energy Taxation

Carbon-Energy Taxation PDF Author: Mikael Skou Andersen
Publisher: OUP Oxford
ISBN: 0191610089
Category : Political Science
Languages : en
Pages : 352

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Book Description
When taxes are introduced on carbon and energy, and the revenue is used to reduce other taxes, will a positive effect be achieved both for the environment and for the economy? In 1990 Finland was the first country to introduce a tax on CO2. Later, Sweden, Denmark, Netherlands, Slovenia, Germany and the UK followed suit with tax reforms that shifted taxation from labour to carbon and energy. Over the years, CO2 and energy taxes have gradually been raised, so that in Europe taxes of more than 25 billion Euros a year have been shifted. This book examines carbon-energy taxation in detail and looks at tax shifting programmes for lowering other taxes. It offers extensive analysis on the basis of historical data and seeks to answer important questions for policy-making, such as: What was the impact of tax shifting for economic performance and competitiveness? By how much were emissions of CO2 reduced? Could energy-intensive industries cut further down on their fuel demand or did they loose market shares? To what extent was there 'leakage' from Europe, so that production and CO2 emissions were shifted to other countries or regions without CO2-abatement policy? The use of unique and original data, including sector-specific energy prices and taxes, as well as the use of advanced statistical techniques, such as co-integration analysis and panel-regression techniques along with the time-series estimated macro-economic model E3ME, make this a truly comprehensive volume. On the basis of the lessons learned in Europe, this volume indicates how carbon-energy taxation could usefully be combined with emissions trading, and discusses implications for future international climate policy, including how the IPCC recommendations for a gradual escalation in carbon price could be accomplished while preventing carbon leakage.

The Economics of Welfare

The Economics of Welfare PDF Author: Arthur Cecil Pigou
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 1024

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Book Description


Understanding Carbon Credits

Understanding Carbon Credits PDF Author: Gurmit Singh
Publisher: Aditya Books Pvt. Ltd.
ISBN: 8185353611
Category : Atmospheric carbon dioxide
Languages : en
Pages : 465

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Book Description


Fiscal Policies for Paris Climate Strategies—from Principle to Practice

Fiscal Policies for Paris Climate Strategies—from Principle to Practice PDF Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1498311717
Category : Business & Economics
Languages : en
Pages : 109

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Book Description
This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options.