Carbon pricing design: Effectiveness, efficiency and feasibility

Flues, Florens; Dender, Kurt Van

doi:10.1787/91ad6a1e-en

Cited by 6 publications

(4 citation statements)

References 50 publications

(111 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…"By capturing the external costs of [emissions]" and reallocating the expense into the hands of consumers, carbon pricing is used as a way to offset the external expenses of its consumption such as those resulting from environmental changes and climate disasters (UNFCCC, 2021). Carbon pricing is an effective method that can be incorporated into policy to reduce the usage of carbon-intensive energy, as exhibited in the UK, where carbon pricing resulted in "emissions in the electricity sector.. [to fall] by 58%" in 4 years (Flues, 2020). In the United States, its implementation would result in significant emission cuts as well as long-term economic growth.…”

Section: Review Of Literaturementioning

confidence: 99%

Defusing the Ticking Bomb

Spooner,

Sharbaugh

2023

J Stud Res

View full text Add to dashboard Cite

This paper analyzes various policies in efforts to determine a feasible and effective next step in advancing energy policy and climate action in the United States. Research consists of a review of literature followed by meta-analysis. The secondary research portion calls for an acceleration of the renewable energy transition, emphasizing the importance of energy reforms. The review acknowledges obstacles hindering the transition such as renewable energy variability and storage limitations. The section calls for technological advancement and identifies four policy targets; investment, accessibility, pricing, and expansion. The review of literature is followed by meta-analysis of aforementioned policy targets by analyzing and comparing five sources, each pertaining to a different policy area. Primary research identifies renewable energy investment using revenue sourced from carbon pricing and fossil fuel subsidy dissolution as the most efficient and feasible next step in strengthening U.S. energy policy, concluding with a call to action in light of findings.

show abstract

Section: Review Of Literaturementioning

confidence: 99%

Defusing the Ticking Bomb

Spooner,

Sharbaugh

2023

J Stud Res

View full text Add to dashboard Cite

show abstract

“…It is also acknowledged that the allocation of carbon tax revenues will reflect a specific government's objectives and local context. As carbon tax revenue is mostly a supporting act for tax policy changes, it may be surmised that carbon taxes are frequently elements of larger tax reform (Flues & Van Dender, 2020). As a corollary, carbon revenue use decisions should be integrated with the overall fiscal framework, as opposed to being a distinct environmental tax policy (Marten & Van Dender, 2019).…”

Section: Attributes For Choosing a Carbon Tax Revenue Use Optionmentioning

confidence: 99%

A classification framework for carbon tax revenue use

Steenkamp

2021

Climate Policy

View full text Add to dashboard Cite

Carbon pricing could assist in the dual pursuit of mitigating global climate change and contributing to government coffers. The way in which a government allocates carbon tax revenues is a key factor in the public's acceptance of carbon pricing policy and ultimately in its enduring success. To that end, this article presents an innovative, simple classification framework of carbon tax revenue usage which has four modalities to cater for various policy design features. These are: a constrained approach as opposed to an unconstrained one; a revenue-neutral recycling approach as opposed to a revenue-raising one; an approach according to public preference; and a thematic approach. Thereafter, various attributes are examined to assist policymakers in selecting an appropriate modality. The classification framework will be useful for policymakers as a quick point of reference before embarking on more complex and in-depth policy deliberations. Key policy insights:. Carbon pricing is the most cost-effective regulatory approach for reducing greenhouse gas emissions and is recognized as a significant contributor to government revenue. . Carbon tax revenue use can be classified into four overarching modalities to cater for various policy design attributes. . There is no dominating revenue use option from an economic or political viewpoint, owing to trade-offs across various fiscal policy objectives. . Carbon taxes are elements of broader tax reform and therefore revenue use options should be aligned with a jurisdiction's broader fiscal policy charter.

show abstract

“…An important enabler of such co-ordination would be to develop a robust methodology to be able to compare ticket taxes across countries, which is not straightforward considering design differences and heterogeneous flight patterns. Considering its experience with calculating effective carbon rates and air emission accounts (OECD, 2018 [30]; Flachenecker, Guidetti and Pionnier, 2018 [67]), the OECD would be uniquely placed to facilitate comparisons of ticket taxes across countries and airports.…”

Section: Carbon Leakage and Other Side Effects Of Kerosene Tax Leadershipmentioning

confidence: 99%

Greening international aviation post COVID-19

Teusch¹,

Ribansky²

2021

OECD Taxation Working Papers

View full text Add to dashboard Cite

This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.

show abstract

Carbon pricing design: Effectiveness, efficiency and feasibility

Cited by 6 publications

References 50 publications

Defusing the Ticking Bomb

Defusing the Ticking Bomb

A classification framework for carbon tax revenue use

Greening international aviation post COVID-19

Contact Info

Product

Resources

About