The Case for Direct Methods to Address CO2 Emissions and Other Negative Environmental Externalities - Economic Brief, 09-10, October 2009 - Federal Reserve Bank of Richmond
The Case for Direct Methods to Address CO2 Emissions and Other Negative Environmental Externalities
The Case for Direct Methods to Address CO2 Emissions and Other Negative Environmental Externalities
The Case for Direct Methods to Address CO2 Emissions and Other Negative Environmental Externalities - Economic Brief, 09-10, October 2009 - Federal Reserve Bank of Richmond
Article
09-10
2009-10-01 09:00 AM
Kartik B. Athreya {karart1}
Renee Courtois {rencou}
<p>Existing policies to reduce emissions of carbon dioxide (CO2) largely have been structured to subsidize alternative energy technologies. Yet these policies are likely not to be as useful as ones that target CO2 emissions directly, such as an emissions tax or a "cap and trade" program.</p>
/RichmondFedOrg/publications/research/economic_brief/2009/pdf/eb_09-10.pdf
Economic Growth and Business Cycles
<p>Existing policies to reduce emissions of carbon dioxide (CO2) largely have been structured to subsidize alternative energy technologies. Yet these policies are likely not to be as useful as ones that target CO2 emissions directly, such as an emissions tax or a "cap and trade" program.</p>
<p>Mankiw, N. Gregory. <a href="http://www.economics.harvard.edu/files/faculty/40_Smart%20Taxes.pdf">"Smart Taxes: An Open Invitation to Join the Pigou Club."</a> Based on a talk presented at the Eastern Economic Association, March 8, 2008.</p><p>Metcalf, Gilbert E. <a href="http://www.nber.org/papers/w15054">"Tax Policies for Low-Carbon Technologies."</a> Working Paper No. 15054, National Bureau of Economic Research, June 2009. (For an abridged version of Metcalf's paper, see <a href="http://www.voxeu.org/index.php?q=node/3706">his column</a> written for VoxEU.org.)</p>
/email_updates/#tabview=tab1
/publications/research/economic_brief/index.cfm?cc_view=rss
1
Taxation
Business Cycles
Economic Growth
Fiscal Policy
<p>Existing policies to reduce emissions of carbon dioxide (CO2) largely have been structured to subsidize alternative energy technologies. Yet these policies are likely not to be as useful as ones that target CO2 emissions directly, such as an emissions tax or a "cap and trade" program.</p>
Economic Brief
09-10
2009-10-01 09:00 AM