National Policies to Fight the Climate Change and Competition Regulation : Taxation.
The obligation to comply with the Kyoto protocol prompts many governments to tax greenhouse gas emissions. Basic efficiency is supposed to be obtained by imposing a single tax rate on the entire economy. This article shows that the need for global economic efficiency may make tax relief for certain sectors socially desirable within the framework of an imperfect multilateral agreement. This raises a fresh problem for the global and European competition authorities, for whom decentralised application of basic mechanisms normally leads to a global optimum.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.