Journal of Economic Perspectives
ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)
Global Warming Policy: A Public Finance Perspective
Journal of Economic Perspectives
vol. 7,
no. 4, Fall 1993
(pp. 47–63)
(Complimentary)
Abstract
In the last few years, a substantial volume of research has considered the design of taxes to slow greenhouse gas emissions as well as the economic effects of such policies. In this paper, I summarize the insights that have emerged from this work. I begin by explaining that while efficiency considerations create a presumption for using coordinated international policies to alter greenhouse gas emissions, the prospects for such action are bleak. Then I focus on the public finance of carbon taxes at the national level, considering the design of such taxes as well as their incidence across and within nations. Next, I focus on greenhouse gas emission policies that could be enacted in less-developed countries, such as the elimination of fossil fuel subsidies and other policies to slow deforestation. Finally I suggest several promising directions for future study.Citation
Poterba, James M. 1993. "Global Warming Policy: A Public Finance Perspective." Journal of Economic Perspectives, 7 (4): 47–63. DOI: 10.1257/jep.7.4.47JEL Classification
- Q28 Renewable Resources and Conservation: Government Policy
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