The Global Refunding System and Climate Change
We propose a global refunding scheme as a new international approach to addressing climate change. A global refunding system allows each country to set its carbon emission tax, while aggregate tax revenues are partially refunded to member countries in proportion to the relative emissions reduction they achieve within a period. Nationally determined environmental policies and global refunding create increasing incentives to reduce emissions and may achieve e±ciency and equity objectives of global climate policy.
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| Length: | 13 pages |
| Date of creation: | Jan 2007 |
| Handle: | RePEc:eth:wpswif:07-62 |
| Contact details of provider: | Postal: Zürichbergstrasse 18, ZUE, CH-8092 Zürich Phone: +41 44 632 03 87 Fax: +41 44 632 13 62 Web page: http://www.cer.ethz.ch Email: More information through EDIRC
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References listed on IDEAS
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- Goulder, Lawrence H. & Pizer, William A., 2006.
"The Economics of Climate Change,"
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- Stavins, Robert & Barrett, Scott & Aldy, Joseph, 2003. "13 + 1: A Comparison of Global Climate Change Policy Architectures," Discussion Papers dp-03-26, Resources For the Future.
- William D. Nordhaus, 2006. "After Kyoto: Alternative Mechanisms to Control Global Warming," American Economic Review, American Economic Association, vol. 96(2), pages 31-34, May.
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