This paper looks at both the efficiency and distributional implications of a carbon tax and/or other energy taxes as part of a package of measures to address the budget deficit. We build a dynamic general-equilibrium overlapping-generations model (OLG) of the U.S. economy, including detail on government taxes and expenditures and a disaggregated production structure including several energy ind...

Acting as a cleaning and great efficiency fuel, natural gas has gained more and more notice. Reflect on the low percentage of natural gas usage in China, how to motivate natural gas production and usage from macroeconomic view worth discussing. Although carbon tax can be efficiently used to promote carbon emission reduction, the implementation of levying carbon tax might negatively impact natur...

of key issues and challenges • Climate change policies and trade policy are on a collision course. Border tax adjustments are at the center of the debate and are being considered in many OECD countries, notably the United States and the European Union (EU). They will tax carbon emissions at the border with the aim of leveling the playing field between countries with different carbon emission li...

Although countries experiences on environmental taxation differ, discussions in New Zealand coincide with the recent announcement by the government of a new carbon tax and a new energy tax to be introduced before the first phase of the Kyoto protocol. This paper provides preliminary simulation results that may help answer some policy-related questions including the relative microand macrolevel ...

arious organizations and individuals, including issue-oriented advocacy groups, research institutes, business groups, and members of Congress, have recently proposed that the United States consider use of a carbon tax as the primary federal policy to reduce greenhouse gas emissions.1 A carbon tax establishes a fixed fee per unit of emissions and thereby provides a certain price incentive to cut...

It is widely considered that the continued development and production of Alberta’s oil sands deposits is on track to be the fastest growing source of greenhouse gas (GHG) emissions in Canada over the next few decades. As recent developments suggest, failure to address the issue of GHG emissions growth might jeopardize the potential for sustained expansion of oil sands operations in Alberta. Wit...

More than 50% of electricity in the U.S. is generated by coal. The U.S. has large coal resources, the cheapest fuel in most areas. Coal fired power plants are likely to continue to provide much of U.S. electricity. However, the type of power plant that should be built is unclear. Technology can reduce pollutant discharges and capture and sequester the CO2 from coal-fired generation. The U.S. En...

In this paper we formulate a dynamic model of a profit maximization problem for assessing quantitatively how the policy of carbon tax and emissions trading would be effective to achieve the targeted reduction of the Kyoto Protocol. Furthermore, we evaluate the influence of carbon tax and emissions trading on the economy in industry in a long-term view.

There is an increasingly urgent need to reduce carbon emissions. Devising effective carbon tax policies has become an important research topic. It is necessary to explore carbon reduction strategies based on the design of carbon tax elements. In this study, we explore the effect of a progressive carbon tax policy on carbon emission reductions using the logical deduction method. We apply experie...