Certainty and Uncertainty in Cap and Trade System or in Carbon Tax for Green Accounting to Decrease Greenhouse gas Emissions
AbstractThis paper analyzes the price or quantity controls of greenhouse gases in the presence of uncertain costs. The greenhouse gases are a stock pollutant in the environment. Hence, the marginal benefit curve must be relatively flat which indicates to establish the preference of a price control over a quantity control. In the case of permanent shocks, the traditional comparison of marginal benefits versus marginal costs cannot be measured accurately. The choice between quantity and price controls becomes ambiguous and depends upon a more difficult measurement of marginal costs and benefits. The aim of the paper is to impose taxes to reduce greenhouse gas emissions.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 50669.
Date of creation: 09 Nov 2012
Date of revision: 20 Dec 2012
Publication status: Published in Indus Journal of Management & Social Sciences 2.6(2012): pp. 1-8
Cap and Trade System; Carbon Tax; Climate Change.;
Find related papers by JEL classification:
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- M. L. Weitzman, 1973.
"Prices vs. Quantities,"
106, Massachusetts Institute of Technology (MIT), Department of Economics.
- Newell, Richard G. & Pizer, William A., 2008.
Journal of Environmental Economics and Management,
Elsevier, vol. 56(3), pages 221-233, November.
- Nicholas Linacre & Alexandre Kossoy & Philippe Ambrosi, . "State and Trends of the Carbon Market 2011," World Bank Other Operational Studies 13400, The World Bank.
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