The Case For Carbon Dividends
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The Case For Carbon Dividends
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Author : James K. Boyce
language : en
Publisher: John Wiley & Sons
Release Date : 2019-07-20
The Case For Carbon Dividends written by James K. Boyce and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-20 with Political Science categories.
The supreme challenge of our time is tackling climate change. We urgently need to curtail our use of fossil fuels – but how can we do so in a just and feasible way? In this compelling book, leading economist James Boyce shows that the key to solving this conundrum is to put a limit on carbon emissions, thereby raising the price of fossil fuels and generating strong incentives for clean energy. But there is a formidable hurdle: how do we secure broad public support for a policy that increases fuel costs for consumers? Boyce powerfully argues that carbon pricing can be made just and politically durable only if linked to returning the revenue to the public as carbon dividends. Founded on the principle that the gifts of nature belong to us all, not to corporations or governments, this bold reform could spark a twenty-first-century clean energy revolution. Essential reading for all concerned citizens, policy-makers, and students of public policy and environmental economics, this book will be a transformative contribution to one of the most important policy debates of our era.
Carbon Pricing Carbon Dividends And Cooperation
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Author : Sebastian Bachler
language : en
Publisher:
Release Date : 2023
Carbon Pricing Carbon Dividends And Cooperation written by Sebastian Bachler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Anthropogenic climate change is one of the most pressing global issues today and finding means of mitigation is of utmost importance. To this end, we investigate whether carbon taxes on their own and coupled with revenue recycling schemes (symmetric or asymmetric carbon dividends) improve cooperative behavior in a modified threshold public goods game of loss avoidance. We implement a randomized controlled trial on a large sample of the U.S. population and measure the portion of groups who successfully remain below a critical consumption threshold. We find that a carbon tax with symmetric dividends reduces harmful consumption levels, but coupling the tax with asymmetric dividends not only enhances consumption reduction but also significantly improves group cooperation in avoiding simulated climate change. Our results show that the application of a carbon tax and asymmetric carbon dividends reduces the failure rate to about one-fourth (6%), compared to the 22% observed in a baseline condition. We find that environmental attitudes, conservatism, education, and gender are significantly associated with success rates in staying below the threshold.
The Green Dividend Dilemma
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Author : Stephie Fried
language : en
Publisher:
Release Date : 2020
The Green Dividend Dilemma written by Stephie Fried and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
By raising the price of carbon-emitting energy sources, a carbon tax would flexibly incentivize households and businesses to reduce fossil fuel consumption and substitute towards cleaner energy sources. A carbon tax would also generate a substantial stream of government revenue. This raises an important question - how should this revenue be used? In this note, we summarize findings from our recent research (Fried et al. (2018)) that examine this question.
How To Design Carbon Dividends
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Author : Donald B. Marron
language : en
Publisher:
Release Date : 2019
How To Design Carbon Dividends written by Donald B. Marron and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
A robust carbon tax would generate considerable revenue. Some carbon tax advocates have suggested returning those revenues to Americans through direct payments, often called carbon dividends. We examine how to design these dividends considering two, sometimes conflicting, principles. Carbon dividends can be viewed as shared income from a communal property right, much as Alaskans share in income from the state's oil resources. Dividends can also be viewed as rebating the carbon tax back to consumers. These views often have different implications for designing carbon dividends. Political and practical considerations are also important. With that in mind, we propose a carbon dividend design that combines beneficial features from both the communal property and tax rebate views.
Republican Proposed Carbon Dividend Is A Great Sign Of Progress
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Author : World Resources Institute
language : en
Publisher:
Release Date : 2017
Republican Proposed Carbon Dividend Is A Great Sign Of Progress written by World Resources Institute and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
The Case Against A U S Carbon Tax
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Author : Robert P. Murphy
language : en
Publisher:
Release Date : 2016
The Case Against A U S Carbon Tax written by Robert P. Murphy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Some proponents of federal policies to combat climate change are arguing for a federal carbon tax (or similar type of “carbon price”). Within conservative and libertarian circles, some proponents claim that a revenue-neutral carbon tax “swap” could deliver a double dividend, reducing climate change while shifting some of the nation's tax burden onto carbon emissions, which supposedly would spur the economy.This analysis describes several serious problems with those claims. The actual economics of climate change -- as summarized in the peer-reviewed literature as well as United Nations (UN) and Obama administration reports -- reveal that the case for a U.S. carbon tax is weaker than the carbon tax proponents claim.Future economic damages from carbon dioxide emissions can only be estimated in conjunction with forecasts of climate change. But recent history shows those forecasts are in flux, with an increasing number of forecasts of less warming appearing in the scientific literature in the last four years. Additionally, we show some rather stark evidence that the family of models used by the UN's Intergovernmental Panel on Climate Change (IPCC) is experiencing a profound failure that greatly reduces their forecast utility.If the case for emission cutbacks is weaker than the public has been led to believe, the claim of a double dividend is on even shakier ground. There really is a consensus in this literature, and it is that carbon taxes cause more economic damage than generic taxes do on labor or capital, so that in general even a revenue-neutral carbon tax swap would probably reduce economic growth.
Double Dividend
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Author : Dale W. Jorgenson
language : en
Publisher: MIT Press
Release Date : 2013-11-29
Double Dividend written by Dale W. Jorgenson and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-29 with Business & Economics categories.
A rigorous and innovative approach for integrating environmental policies and fiscal reform for the U.S. economy. Energy utilization, especially from fossil fuels, creates hidden costs in the form of pollution and environmental damages. The costs are well documented but are hidden in the sense that they occur outside the market, are not reflected in market prices, and are not taken into account by energy users. Double Dividend presents a novel method for designing environmental taxes that correct market prices so that they reflect the true cost of energy. The resulting revenue can be used in reducing the burden of the overall tax system and improving the performance of the economy, creating the double dividend of the title. The authors simulate the impact of environmental taxes on the U.S. economy using their Intertemporal General Equilibrium Model (IGEM). This highly innovative model incorporates expectations about future prices and policies. The model is estimated econometrically from an extensive 50-year dataset to incorporate the heterogeneity of producers and consumers. This approach generates confidence intervals for the outcomes of changes in economic policies, a new feature for models used in analyzing energy and environmental policies. These outcomes include the welfare impacts on individual households, distinguished by demographic characteristics, and for society as a whole, decomposed between efficiency and equity.
With Liberty And Dividends For All
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Author : Peter Barnes
language : en
Publisher: Berrett-Koehler Publishers
Release Date : 2014-08-04
With Liberty And Dividends For All written by Peter Barnes and has been published by Berrett-Koehler Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-08-04 with Political Science categories.
Peter Barnes argues that because of globalization, automation, and winner-take-all capitalism, there won’t be enough high-paying jobs to sustain America’s middle class in the future. Therefore, to survive economically, our middle class needs—and deserves—a supplementary source of nonlabor income. To meet this need, Barnes proposes to give every American a share of the wealth we own together— starting with our air and financial infrastructure. These shares would pay dividends of several thousand dollars per year—money that wouldn’t be welfare or wealth redistribution but legitimate property income.
Making Climate Policy Work
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Author : Danny Cullenward
language : en
Publisher: John Wiley & Sons
Release Date : 2020-10-07
Making Climate Policy Work written by Danny Cullenward and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-07 with Political Science categories.
For decades, the world’s governments have struggled to move from talk to action on climate. Many now hope that growing public concern will lead to greater policy ambition, but the most widely promoted strategy to address the climate crisis – the use of market-based programs – hasn’t been working and isn’t ready to scale. Danny Cullenward and David Victor show how the politics of creating and maintaining market-based policies render them ineffective nearly everywhere they have been applied. Reforms can help around the margins, but markets’ problems are structural and won’t disappear with increasing demand for climate solutions. Facing that reality requires relying more heavily on smart regulation and industrial policy – government-led strategies – to catalyze the transformation that markets promise, but rarely deliver.
Carbon Pricing In Japan
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Author : Toshi H. Arimura
language : en
Publisher: Springer Nature
Release Date : 2020-09-17
Carbon Pricing In Japan written by Toshi H. Arimura and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-17 with Business & Economics categories.
This open access book evaluates, from an economic perspective, various measures introduced in Japan to prevent climate change. Although various countries have implemented such policies in response to the pressing issue of climate change, the effectiveness of those programs has not been sufficiently compared. In particular, policy evaluations in the Asian region are far behind those in North America and Europe due to data limitations and political reasons. The first part of the book summarizes measures in different sectors in Japan to prevent climate change, such as emissions trading and carbon tax, and assesses their impact. The second part shows how those policies have changed the behavior of firms and households. In addition, it presents macro-economic simulations that consider the potential of renewable energy. Lastly, based on these comprehensive assessments, it compares the effectiveness of measures to prevent climate change in Japan and Western countries. Providing valuable insights, this book will appeal to both academic researchers and policymakers seeking cost-effective measures against climate change.