Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1088/1748-9326/aa6e8a |
Will the use of a carbon tax for revenue generation produce an incentive to continue carbon emissions? | |
Wang, Rong1,2,3; Moreno-Cruz, Juan4; Caldeira, Ken1 | |
2017-06-01 | |
发表期刊 | ENVIRONMENTAL RESEARCH LETTERS
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ISSN | 1748-9326 |
出版年 | 2017 |
卷号 | 12期号:6 |
文章类型 | Article |
语种 | 英语 |
国家 | USA; France; Peoples R China |
英文摘要 | Integrated assessment models are commonly used to generate optimal carbon prices based on an objective function that maximizes social welfare. Such models typically project an initially low carbon price that increases with time. This framework does not reflect the incentives of decision makers who are responsible for generating tax revenue. If a rising carbon price is to result in near-zero emissions, it must ultimately result in near-zero carbon tax revenue. That means that at some point, policy makers will be asked to increase the tax rate on carbon emissions to such an extent that carbon tax revenue will fall. Therefore, there is a risk that the use of a carbon tax to generate revenue could eventually create a perverse incentive to continue carbon emissions in order to provide a continued stream of carbon tax revenue. Using the Dynamic Integrated Climate Economy (DICE) model, we provide evidence that this risk is not a concern for the immediate future but that a revenue-generating carbon tax could create this perverse incentive as time goes on. This incentive becomes perverse at about year 2085 under the default configuration of DICE, but the timing depends on a range of factors including the cost of climate damages and the cost of decarbonizing the global energy system. While our study is based on a schematic model, it highlights the importance of considering a broader spectrum of incentives in studies using more comprehensive integrated assessment models. Our study demonstrates that the use of a carbon tax for revenue generation could potentially motivate implementation of such a tax today, but this source of revenue generation risks motivating continued carbon emissions far into the future. |
英文关键词 | revenue maximization welfare maximization climate policies carbon tax carbon tax revenue DICE model |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000402551000001 |
WOS关键词 | CLIMATE-CHANGE ; ECONOMIC-GROWTH ; MITIGATION ; IMPACTS ; CHOICE ; POLICY ; RISK |
WOS类目 | Environmental Sciences ; Meteorology & Atmospheric Sciences |
WOS研究方向 | Environmental Sciences & Ecology ; Meteorology & Atmospheric Sciences |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/34296 |
专题 | 气候变化 |
作者单位 | 1.Carnegie Inst Sci, Dept Global Ecol, Stanford, CA 94305 USA; 2.CEA CNRS UVSQ, Lab Sci Climat & Environm, F-91191 Gif Sur Yvette, France; 3.Peking Univ, Sinofrench Inst Earth Syst Sci, Beijing 100871, Peoples R China; 4.Georgia Inst Technol, Sch Econ, Atlanta, GA 30332 USA |
推荐引用方式 GB/T 7714 | Wang, Rong,Moreno-Cruz, Juan,Caldeira, Ken. Will the use of a carbon tax for revenue generation produce an incentive to continue carbon emissions?[J]. ENVIRONMENTAL RESEARCH LETTERS,2017,12(6). |
APA | Wang, Rong,Moreno-Cruz, Juan,&Caldeira, Ken.(2017).Will the use of a carbon tax for revenue generation produce an incentive to continue carbon emissions?.ENVIRONMENTAL RESEARCH LETTERS,12(6). |
MLA | Wang, Rong,et al."Will the use of a carbon tax for revenue generation produce an incentive to continue carbon emissions?".ENVIRONMENTAL RESEARCH LETTERS 12.6(2017). |
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