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Leviathan carbon taxes in the short-run

journal contribution
posted on 2023-06-08, 14:36 authored by Richard TolRichard Tol
A cap is imposed on the carbon tax rate if the total tax revenue is not allowed to increase. Using recent data on the carbon-intensity of the economy and the overall tax take, I show that this cap constrains almost any climate policy in at least some countries. A larger number of countries, emitting a substantial share of global carbon dioxide, cannot fully participate if the carbon tax (or equivalent alternative regulation) is high enough to meet the 2 °C target. For that target, the carbon tax revenue in 2020 is greater than 10 % of total tax revenue in every country.

History

Publication status

  • Published

Journal

Climatic Change

ISSN

0165-0009

Publisher

Springer Verlag

Issue

2

Volume

114

Page range

409-415

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2013-03-15

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