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Protecting the poor with a carbon tax and equal per capita dividend

Author

Listed:
  • Mark Budolfson

    (Rutgers University
    Rutgers University)

  • Francis Dennig

    (Yale-NUS College)

  • Frank Errickson

    (University of California
    Princeton University)

  • Simon Feindt

    (Mercator Research Institute on Global Commons and Climate Change
    Technische Universität Berlin, Department of Economics of Climate Change)

  • Maddalena Ferranna

    (Harvard University)

  • Marc Fleurbaey

    (Paris School of Economics)

  • David Klenert

    (Joint Research Centre, European Commission)

  • Ulrike Kornek

    (Mercator Research Institute on Global Commons and Climate Change
    Potsdam Institute for Climate Impact Research)

  • Kevin Kuruc

    (University of Oklahoma)

  • Aurélie Méjean

    (CNRS, CIRED)

  • Wei Peng

    (Pennsylvania State University)

  • Noah Scovronick

    (Emory University)

  • Dean Spears

    (University of Texas)

  • Fabian Wagner

    (International Institute for Applied Systems Analysis)

  • Stéphane Zuber

    (CNRS, Centre d’Economie de la Sorbonne)

Abstract

We find that if all countries adopt the necessary uniform global carbon tax and then return the revenues to their citizens on an equal per capita basis, it will be possible to meet a 2 °C target while also increasing wellbeing, reducing inequality and alleviating poverty. These results indicate that it is possible for a society to implement strong climate action without compromising goals for equity and development.

Suggested Citation

  • Mark Budolfson & Francis Dennig & Frank Errickson & Simon Feindt & Maddalena Ferranna & Marc Fleurbaey & David Klenert & Ulrike Kornek & Kevin Kuruc & Aurélie Méjean & Wei Peng & Noah Scovronick & Dea, 2021. "Protecting the poor with a carbon tax and equal per capita dividend," Nature Climate Change, Nature, vol. 11(12), pages 1025-1026, December.
    • Handle: RePEc:nat:natcli:v:11:y:2021:i:12:d:10.1038_s41558-021-01228-x
    DOI: 10.1038/s41558-021-01228-x
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    Cited by:

    1. Missbach, Leonard & Steckel, Jan Christoph & Vogt-Schilb, Adrien, 2023. "Cash transfers in the context of carbon pricing reforms in Latin America and the Caribbean," IDB Publications (Working Papers) 12536, Inter-American Development Bank.
    2. Mireille Chiroleu-Assouline, 2022. "Rendre acceptable la nécessaire taxation du carbone. Quelles pistes pour la France ?," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 15-53.
    3. Missbach, Leonard & Steckel, Jan Christoph & Ward, Hauke, 2023. "Assessing distributional effects of carbon pricing in Israel," Energy Policy, Elsevier, vol. 180(C).

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