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Optimal Taxation in the Macroeconomics of Climate Change

Author

Listed:
  • Gustav Engström

    (The Beijer Institute of Ecological Economics and)

  • Johan Gars

    (Global Economic Dynamics and the Biosphere, The Royal Swedish Academy of Sciences, SE-104 05 Stockholm, Sweden)

Abstract

Climate change has in recent years moved to the forefront of the policy scene. At the same time, the research literature on macroeconomic aspects of climate change has grown and broadened significantly. In this review, we survey and discuss this literature, with special attention given to results that help shed light on important qualitative questions regarding how an optimal carbon tax should be set. The review covers topics such as spatial aspects of optimal taxes, interactions with other taxes, uncertainty, technological change, and the qualitative time profile of the optimal tax.

Suggested Citation

  • Gustav Engström & Johan Gars, 2015. "Optimal Taxation in the Macroeconomics of Climate Change," Annual Review of Resource Economics, Annual Reviews, vol. 7(1), pages 127-150, October.
    • Handle: RePEc:anr:reseco:v:7:y:2015:p:127-150
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-100814-124951
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    Citations

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    Cited by:

    1. Kornek, Ulrike & Klenert, David & Edenhofer, Ottmar & Fleurbaey, Marc, 2021. "The social cost of carbon and inequality: When local redistribution shapes global carbon prices," Journal of Environmental Economics and Management, Elsevier, vol. 107(C).
    2. Donnelly, David & Fricaudet, Marie & Ameli, Nadia, 2023. "“Accelerating institutional funding of low-carbon investment: The potential for an investment emissions intensity tax”," Ecological Economics, Elsevier, vol. 207(C).
    3. Roolfs, Christina & Gaitan, Beatriz & Edenhofer, Ottmar, 2021. "Make or brake — Rich states in voluntary federal emission pricing," Journal of Environmental Economics and Management, Elsevier, vol. 109(C).

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