carbon tax

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carbon tax

a tax on the emissions caused by the burning of coal, gas, and oil, aimed at reducing the production of greenhouse gases
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Who could be against an optimal carbon tax if it raises the price of gasoline by a quarter a gallon or less?
0[degrees]C into DICE 2007 to compute the optimal carbon tax profile.
Summing Up: The Optimal Carbon Tax Based on Conservative Estimates
The principal question we would like to investigate in this section is: how would our description of carbon accumulation alter the characteristics of optimal fossil fuel consumption and optimal carbon tax as noted in the existing literature?
2], and presents the optimal carbon tax when the optimal policy is decentralized, is a weighted average of the shadow externality costs [[mu].
The variation we have experienced in gasoline and electricity prices in recent years dwarfs the increases from an optimal carbon tax.
Under such assumptions there would be no equity adjustment to the optimal carbon tax because those taxed (the rich now) and those receiving the benefits (the future poor) would have the same income.
We will assume that, on the time-path arising from the imposition of an optimal carbon tax, exhaustion of fossil fuels happens in exactly 200 years, i.
We should note at the outset that Sinclair's formulation of the policy issue is, like the earlier literature on global warming we noted in the introduction, that of establishing the tax required to reduce current and steady-state emissions by some prespecified target, while we assume that the policy-makers can specify a damage cost function and choose an optimal carbon tax policy.
Perhaps the optimal carbon tax for the world would be $70 per ton, but the United States would do better with a worldwide carbon tax of $30 per ton, or $20 per ton, or even $10 per ton.
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