Pearce, David
July 1991
Economic Journal;Jul91, Vol. 101 Issue 407, p938
Academic Journal
The article examines the role of carbon taxes in adjusting to global warming. There are major advantages of a carbon tax over the general alternative of regulating emissions through conventional command and control policies. A carbon tax would be set on the basis of the carbon content of fossil fuels. The double dividend feature of a carbon tax could be extremely important in the international context. Carbon taxes act as a continuous incentive to adopt ever cleaner technology and energy conservation. Carbon taxes can be easily modified as new information comes to light. One of the disadvantages of carbon taxes is that these taxes themselves will impose a deadweight loss which has to be set against the gain from the reduced externality from global warming. If the taxes are to have any incentive effect on energy conservation and inter-fuel substitution they must be non-marginal and therefore cannot be estimated reliably by partial equilibrium approaches, general equilibrium approaches are required.


Related Articles

  • Global Warming: The Convenient Truth. Rauch, Jonathan // National Journal;3/10/2007, Vol. 39 Issue 10, p17 

    The author criticizes the calls for radical measures to address global warming. He explains that climate change is real and deserves action, but the problem is nowhere near as overwhelming as what is known and the solutions nowhere near as difficult. He maintains that radicalism is as pointless...

  • Climate change: A global issue. Singh, Hambir // Chemical Business;Feb2010, Vol. 24 Issue 2, p42 

    Arising emissions of greenhouse gases are result of the combustion of fossil fuels in the anthropogenic activities, deforestation and some natural phenomenon which are responsible for global warming as well as climate change. Global warming and climate change events ere responsible for the...

  • Amerigenic Climate Change: An Indictment of Normalcy. Schönfeld, Martin // Human Ecology Review;Winter2010, Vol. 17 Issue 2, p117 

    Climate forcing can be gauged by national contributions. Human GHG (CO2) emissions can be compared by country and year but, ranking annual national emissions by per-capita shares tell us more. That measure, together with cumulative emissions over time as well as policy actions, reveals the USA...

  • Changing Climate.  // Future Survey;Jan2008, Vol. 30 Issue 1, p11 

    A review of the article "Changing Climate," a supplement in the October 2007 issue of the "National Geographic," is presented. It is stated that human activity is the main cause of the rapid occurrence of climate change. The atmosphere has been flooded with heat trapping carbon dioxide from the...

  • Global Warming Firms Seek Technology Subsidies. Scott, Alex; Sissell, Kara // Chemical Week;7/20/2005, Vol. 167 Issue 24, p19 

    Focuses on the efforts of chemical companies to implement energy efficiency programs to reduce greenhouse gas emissions as of July 2005. Implication of a scientific assertion on the contribution of burning fossil fuels to global warming; Reason for the difficulty of achieving future cuts in...

  • Amount and timing of permafrost carbon release in response to climate warming. SCHAEFER, KEVIN; ZHANG, TINGJUN; BRUHWILER, LORI; BARRETT, ANDREW P. // Tellus: Series B;Apr2011, Vol. 63 Issue 2, p165 

    The thaw and release of carbon currently frozen in permafrost will increase atmospheric CO concentrations and amplify surface warming to initiate a positive permafrost carbon feedback (PCF) on climate. We use surface weather from three global climate models based on the moderate warming, A1B...

  • A Human Development Framework for CO2 Reductions. Costa, Luís; Rybski, Diego; Kropp, Jürgen P. // PLoS ONE;2011, Vol. 6 Issue 12, p1 

    Although developing countries are called to participate in CO2 emission reduction efforts to avoid dangerous climate change, the implications of proposed reduction schemes in human development standards of developing countries remain a matter of debate. We show the existence of a positive and...

  • Stochastic integrated assessment of climate tipping points indicates the need for strict climate policy. Lontzek, Thomas S.; Cai, Yongyang; Judd, Kenneth L.; Lenton, Timothy M. // Nature Climate Change;May2015, Vol. 5 Issue 5, p441 

    Perhaps the most 'dangerous' aspect of future climate change is the possibility that human activities will push parts of the climate system past tipping points, leading to irreversible impacts. The likelihood of such large-scale singular events is expected to increase with global warming, but is...

  • British Columbia Launches Tax on Carbon; Launches Effort to Promote Climate Benefits of Forest Products.  // Forest Products Journal;Jul/Aug2008, Vol. 58 Issue 7/8, p16 

    The article reports that the government of British Columbia planned to begin phasing in a carbon tax designed to encourage individuals and businesses to make environmentally responsible choices, reducing the use of fossil fuels and related emissions, as of July 1, 2008. It states that the tax...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics