|
|
|
|
|
| Parry, Ian W.H.. |
| This paper provides simple formulas for adjusting the costs of carbon taxes and tradable carbon permits to account for interactions with preexisting tax distortions in the labor market. Both policies reduce labor supply as they increase product prices and reduce real household wages; the resulting efficiency losses in the labor market can be substantial relative to partial equilibrium abatement costs. However, much of this added cost can be offset-and perhaps more than offset when additional distortions from the tax system are considered-if revenues from carbon taxes or auctioned permits are used to reduce distortionary taxes. Consequently, there can be a strong case on efficiency grounds for using carbon taxes or auctioned permits over grandfathered... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Carbon taxes; Carbon permits; Fiscal interactions; Revenue recycling; Environmental Economics and Policy; Q28; H21; H23. |
| Ano: 2003 |
URL: http://purl.umn.edu/10509 |
| |
|
|
| Conrad, Klaus; Loschel, Andreas. |
| Computable general equilibrium (CGE) modeling has provided a number of important insights about the interplay between environmental tax policy and the pre-existing tax system. In this paper, we emphasize that a labor market policy of recycling tax revenues from an environmental tax to lower employers’ non-wage labor cost depends on how the costs of labor are modeled. We propose an approach, which combines neoclassical substitutability and fixed factor proportions. Our concept implies a user cost of labor which consists of the market price of labor plus the costs of inputs associated with the employment of a worker. We present simulation results based on a CO2 tax and the recycling of its revenues to reduce the non-wage labor cost. One simulation is based... |
| Tipo: Journal Article |
Palavras-chave: Market-based environmental policy; Carbon taxes; Double dividend; Computable general equilibrium modeling; D58; J30; Q25. |
| Ano: 2005 |
URL: http://purl.umn.edu/37115 |
| |
|
|
| Prescott, Ryan; van Kooten, G. Cornelis. |
| In this paper, we examine the impact policy choices, including a carbon tax, on the optimal allocation of power across different generation sources and on future investments in generating facilities. The focus in on the Alberta power grid as it is heavily dependent on fossil fuels and has only limited ties to other power grids, although the model could be extended to a larger and even multiple grids. Results indicate that, as wind penetrates the extant generating mix characterizing the grid, cost savings and emission reductions do not decline linearly, but at a decreasing rate. However, if flexibility is allowed then, as the carbon tax increases to $40 per tCO2 or above, existing coal plants start to be replaced by newly constructed wind farms and natural... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Economics of wind power; Grid system modeling; Operations research; Carbon taxes; Coal power plants; Environmental Economics and Policy; Resource /Energy Economics and Policy; C61; H23; Q40; Q42. |
| Ano: 2007 |
URL: http://purl.umn.edu/37043 |
| |
|
|
|
