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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- Gersbach, Hans & Requate, Till, 2004. "Emission taxes and optimal refunding schemes," Journal of Public Economics, Elsevier, vol. 88(3-4), pages 713-725, March.
- 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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- Hans Gersbach, 2002. "How to get firms to invest: A simple solution to the hold-up problem in regulation," Review of Economic Design, Springer;Society for Economic Design, vol. 7(1), pages 45-56.
- Goulder, Lawrence H. & Pizer, William A., 2006.
"The Economics of Climate Change,"
Discussion Papers
dp-06-06, Resources For the Future.
- Lawrence H. Goulder & William A. Pizer, 2006. "The Economics of Climate Change," NBER Working Papers 11923, National Bureau of Economic Research, Inc.
- 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.
- Warwick J. McKibbin & Peter J. Wilcoxen, 2002. "The Role of Economics in Climate Change Policy," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 107-129, Spring. Full references (including those not matched with items on IDEAS)