Role of carbon taxes in adjusting to global warming.
Pearce, David
Role of carbon taxes in adjusting to global warming. - 1991
Argues that notwithstanding the dispute over possible effects, a fairly aggressive policy stance is merited and carbon taxes have a number of features to commend them. In particular they do not distort incentives, and by generating revenue they facilitate reductions in other incentive-distorting taxes. The disadvantages of the carbon tax are not seen as being so serious as to rule out the tax as an option.
Role of carbon taxes in adjusting to global warming. - 1991
Argues that notwithstanding the dispute over possible effects, a fairly aggressive policy stance is merited and carbon taxes have a number of features to commend them. In particular they do not distort incentives, and by generating revenue they facilitate reductions in other incentive-distorting taxes. The disadvantages of the carbon tax are not seen as being so serious as to rule out the tax as an option.