00634nam a2200097Ia 450000500170000010000180001724500570003526000090009252004160010158300190051720260716043304.0 aPearce, David aRole of carbon taxes in adjusting to global warming. c1991 aArgues 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. c3/7/00kM2LMGR