Taxes and Tradable Permits As Instruments for Controlling Pollution
AbstractThis paper examines the relative merits of two dominant economic instruments for reducing pollution—”green” taxes and tradable permits. Theoretically, the two instruments share many similarities, and on balance, neither seems preferable to the other. In practice, however, most countries have relied more on taxes than on permits to control pollution. The analysis suggests a number of lessons to be learned from country experiences regarding the design and implementation of both instruments. While many, particularly European countries, currently have long-term programs involving environmental taxes, a willingness to experiment with tradable permits seems to be growing, especially given the Kyoto protocol emission targets.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 00/13.
Date of creation: 01 Jan 2000
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- Rupayan Pal, 2009.
"Delegation and emission tax in a differentiated oligopoly,"
Indira Gandhi Institute of Development Research, Mumbai Working Papers
2009-007, Indira Gandhi Institute of Development Research, Mumbai, India.
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