Cap-and-trade, taxes, and distributional conflict

MacKenzie, Ian A.; Ohndorf, Markus

doi:10.1016/j.jeem.2011.05.002

Cited by 41 publications

(11 citation statements)

References 53 publications

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“…Clearly a third party would benefit from any generated tax revenue. 15 The application of a similar refund scheme has been beneficial, for example, see Sterner and Isaksson (2006) for a successful refunded tax system in Sweden and, for a more general analysis, see Gersbach and Requate (2004). earmarking (MacKenzie and Ohndorf, 2012). On the other hand it might be conceivable that the revenue is used to reduce other distortionary taxes.…”

Section: Tax Revenue and Appropriationmentioning

confidence: 99%

Coasean bargaining in the presence of Pigouvian taxation

MacKenzie

Ohndorf

2016

Journal of Environmental Economics and Management

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Section: Tax Revenue and Appropriationmentioning

confidence: 99%

Coasean bargaining in the presence of Pigouvian taxation

MacKenzie

Ohndorf

2016

Journal of Environmental Economics and Management

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“…A carbon price entails fiscal flows, usually from the private sector (especially firms in energy-intensive industries) to the government. A steadily rising price on carbon is likely to have strong effects on the rest of the economy and the behavior of economic agents through relative price effects and the income effects on those taxed, influencing the composition of consumption, investment and trade (Goulder, 1995;MacKenzie and Ohndorf, 2012). But in practice it will also affect the economy through the effects generated by the use of tax revenues.…”

Section: Carbon Tax Revenuesmentioning

confidence: 99%

A Macroeconomic Perspective on Climate Change Mitigation: Meeting the Financing Challenge

2014

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Transitioning to a low-carbon economy will require significant investment to transform energy systems, alter the built environment and adapt infrastructure. A strategy to finance this investment is needed if the limit of a 2 C increase in global mean temperatures is to be respected. Also, high-income countries have pledged to pay the "agreed full incremental costs" of climatechange mitigation by developing countries, which are not necessarily the same as incremental investment costs. Building on simulations using Integrated Assessment Models and historical evidence, this paper explores some of the issues posed by this dual financing challenge. We discuss the "fiscal self-reliance" of the energy sector, finding that carbon pricing would generate sufficient fiscal revenues within each region to finance total investment in energy supply. Even when allowing for trade in emission permits, regional carbon fiscal revenues should still suffice to cover both their own investment in energy supply and permit purchases from abroad. We show that incremental energy-supply investment (and saving) needs are well within the range of past variation of aggregate investment, and argue that the challenge is rather to ensure that revenues from carbon pricing and other sources are complemented by investment in the appropriate sectors. But fairness and equity are likely to warrant transfers from advanced industrial countries to developing nations.

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“…Regardless, the planetary boundaries concept has occupied institutions, including the United Nations High-level Panel on Global Sustainability, and could translate to corporate sustainability (Whiteman et al, 2013). Despite controversy, thresholds may become necessary at global and local levels (Biello, 2012), encouraging debate on the planet's carrying capacity, the use of thresholds (Martinet, 2011), cap-and-trade systems (MacKenzie andOhndorf, 2012) and individual quotas for firms (Holland and Schnier, 2006;Péreau et al, 2012).…”

Section: Introductionmentioning

confidence: 99%

Modelling sustainability performance to achieve absolute reductions in socio-ecological systems

Nunes

Alamino

Shaw

et al. 2016

Journal of Cleaner Production

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As the world's natural resources dwindle and critical levels of environmental pollution are approached, sustainability becomes a key issue for governments, organisations and individuals. With the consequences of such an issue in mind, this paper introduces a unifying approach to measure the sustainability performance of socio-economic systems based on the interplay between two key variables: essentiality of consumption and environmental impact. This measure attributes to every system a 'fitness' value i.e. a quantity that reflects its ability to remain resilient/healthy by avoiding ecological, social and economic collapse as it consumes the available resources. This new measure is tested on a system where there is a limited supply of resources and four basic consumption types. The analysis has theoretical implications as well as practical importance as it can help countries, organisations or even individuals, in finding better ways to measure sustainability performance.

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Cap-and-trade, taxes, and distributional conflict

Cited by 41 publications

References 53 publications

Coasean bargaining in the presence of Pigouvian taxation

Coasean bargaining in the presence of Pigouvian taxation

A Macroeconomic Perspective on Climate Change Mitigation: Meeting the Financing Challenge

Modelling sustainability performance to achieve absolute reductions in socio-ecological systems

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