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Global Warming, Proportional Carbon Taxes, and International Fund for Atmospheric Stabilization

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  • H. Uzawa

Abstract

In this paper, we prove in terms of a simple dynamic model of global warming that sustainable time-paths of the atmospheric accumulations of carbon dioxide are obtained as the standard market equilibrium under the system of proportional carbon taxes, where the carbon taxes are levied at the rate that is proportional to the per capita national income of each country, with the discounted present value of the impact coefficient of global warming as the coefficient of proportion. Copyright © 2010 Blackwell Publishing Ltd.

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  • H. Uzawa, 2010. "Global Warming, Proportional Carbon Taxes, and International Fund for Atmospheric Stabilization," Review of Development Economics, Wiley Blackwell, vol. 14(1), pages 1-19, February.
  • Handle: RePEc:bla:rdevec:v:14:y:2010:i:1:p:1-19
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    File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-9361.2009.00528.x
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    1. Uzawa,Hirofumi, 2009. "Economic Theory and Global Warming," Cambridge Books, Cambridge University Press, number 9780521066594, April.
    2. Uzawa, Hirofumi, 1993. "Imputed prices of greenhouse gases and land forests," Renewable Energy, Elsevier, vol. 3(4), pages 499-511.
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