GTAP Resources: Resource Display
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"The Welfare Consequence of Emission Trading with Pre-existing Taxes" by Pant, Hom, Vivek Tulpule and Brian Fisher Abstract It is generally accepted that permit trading minimises the economic burden of emission restriction, nationally and internationally. However, this conclusion is based on an analysis that does not take into account the existence of other taxes on commodities that emit greenhouse gases, such as petrol and other fuel taxes. In this paper, we use a stylised model to show that with pre-existing taxes (subsidies) on greenhouse gas emitting commodities countries that trade in emissions permits may loose from the trading relative to independent abatement; and permit trading does not necessarily minimize the economic burden for a given level of emission reduction. These results call for harmonization of taxes on GHG emitting commodities. In the absence of such reforms, a tax/subsidy scheme can be introduced to remedy these problems. |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  ABARE CP04.5 (159.3 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
