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Citizen Carbon Fund: Harmonized International Carbon Taxes and Transfers to Increase Treaty Size

Author

Listed:
  • Klis Anna A.

    (Department of Economics, Northern Illinois University, DeKalb, USA)

  • McGinty Matthew

    (Department of Economics, University of Wisconsin-Milwaukee, 3210 N. Maryland Ave., Bolton Hall 888, Milwaukee, WI 53211, USA)

Abstract

A uniform carbon tax and Citizen Carbon Fund are proposed as a zero-sum system of transfers that can increase equilibrium participation and result in a positive carbon check for each citizen covered by the agreement. The carbon tax results in efficient abatement, generates tax revenue and finances transfers that increase equilibrium participation in a climate agreement. A single carbon price is easier to negotiate than many different abatement requirements, but mirrors the results of a cap-and-trade agreement. An example using the four largest carbon emitters illustrates the set of stable agreements, the transfers required for stability and the resulting carbon checks.

Suggested Citation

  • Klis Anna A. & McGinty Matthew, 2022. "Citizen Carbon Fund: Harmonized International Carbon Taxes and Transfers to Increase Treaty Size," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 22(2), pages 269-280, April.
    • Handle: RePEc:bpj:bejeap:v:22:y:2022:i:2:p:269-280:n:8
    DOI: 10.1515/bejeap-2021-0072
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    More about this item

    Keywords

    IEAs; public goods; stable coalitions; climate change; pollution abatement; asymmetry; transfers;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • H4 - Public Economics - - Publicly Provided Goods

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