Carbon tax under the Clean Development Mechanism: a unique approach for reducing greenhouse gas emissions in developing countries

Timilsina, Govinda R.
March 2009
Climate Policy (Earthscan);2009, Vol. 9 Issue 2, p139
Academic Journal
This study examines the economic and environmental implications of a unique Clean Development Mechanism (CDM) scheme in which a non-Annex B country (Thailand) introduces a carbon tax and exports the resulting emission mitigation as certified emission reductions (CERs). A general equilibrium model for Thailand has been developed for analysing this carbon tax-cum-CDM (CT-CDM) policy. The study finds that, unlike a carbon tax policy, the CT-CDM policy could increase economic welfare in Thailand, depending on CER price and schemes of recycling carbon tax- and CER-revenue to the economy. The CT-CDM policy is found to increase economic welfare at a very low CER price (US$55/tCO2).


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