The proposal is stated it its entirety in the plan that you reference. Initially, as you know, I was discussing the notion of a carbon tax on transportation fuels. As the discussion, both at the commission meetings and in general, moved along, I was convinced by Severin Borenstein (who testified before the commission on this notion, Joe Bankman at Stanford, Dan Simmons at UC, and John Boesel at...

Fiscal considerations may shift governmental priorities away from environmental concerns: Finance ministers face strong demand for public expenditures such as infrastructure investments but they are constrained by international tax competition. We develop a multi-region model of tax competition and resource extraction to assess the fiscal incentive of imposing a tax on carbon rather than on cap...

The Australian government has announced to price carbon at an initial price of $23 per tonne. Despite detailed modelling undertaken by the Commonwealth Treasury, there is widespread speculation about the possible economic impact of a carbon tax in Australia. In this paper we build a computable general equilibrium (CGE) model incorporating many new features to deal with the issue of emissions an...

This paper considers how actions to slow atmospheric accumulation of greenhouse gases from fossil fuel use could also reduce "criteria" air pollutants (as defined in the Clean Air Act) in the U.S. The benefits that result would be "ancillary" to greenhouse gas abatement. Moreover, these benefits would tend to accrue in the near term, while any benefits from reduced climate change mostly accrue ...

Mandates, which establish minimum use quotas for certain goods, are becoming increasingly popular policy tools to promote renewable energy use. In addition to mitigating the pollution externality of conventional energy, clean energy mandates have the goal of promoting research and development (R&D) investments in renewable energy technology. But how well do mandates perform as innovation incent...

This study assesses the economy-wide impacts of cutting CO2 emissions on the Brazilian economy. It finds that in 2040, the business-as-usual CO2 emissions from energy use and industrial processes would be almost three times as high as those in 2010 and would account for more than half of total national CO2 emissions. The current policy aims to reduce deforestation by 70 percent by 2017 and lowe...

Most studies suggest that environmental taxes are regressive, and thus are unattractive policy options. We consider the distributional effects of a gasoline tax increase using three welfare measures and under three scenarios for gas tax revenue use. To incorporate behavioral responses we use Consumer Expenditure Survey data to estimate a consumer demand system that includes gasoline, other good...

The recent inclusion of shipping in the Fit for 55 legislation package will have large knock-on effects on industry and consequently end consumers. present paper presents an innovative top-down methodology, MSF455 model, which estimates new vessel Operational Expenditure (OPEX) as per provisions various scenarios based carbon tax, penalty allowances, maritime fuel tax effect. methodology is pre...

This paper examines the macroeconomic effects of environmental tax reform in a growing economy. A model of endogenous growth based on human capital accumulation is used to simulate numerically the growth effects of different environmental tax reforms and calculate their impact on welfare in the short and the long-term. Our results suggest that the magnitude of these effects depends on the type ...