{"id":51587,"date":"2023-12-01T17:40:06","date_gmt":"2023-12-01T16:40:06","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/carbon-taxes-from-an-economic-perspective\/"},"modified":"2024-11-14T12:53:53","modified_gmt":"2024-11-14T11:53:53","slug":"carbon-taxes-from-an-economic-perspective","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/51587\/","title":{"rendered":"Carbon Taxes from an Economic Perspective"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-51587","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Economic literature generally favours market-based instruments for regulating environmental externalities since they ensure compliance at the least cost to society. Emission taxes have been increasingly introduced internationally, with the focus shifting to CO2 after the adoption of the Kyoto Protocol in 1997. In this paper, the theoretical economic literature on energy and emission taxes is reviewed. The focus is on theoretical recommendations regarding the optimal design of environmental and especially carbon taxes, their performance relative to other instruments, the concept of a double dividend as well as potential competitiveness and distribution effects. Carbon taxation can play a key role in climate policy and for achieving long-term emission reductions. This overview of economic considerations may help in creating a sustainable, effective and efficient regulatory system for reducing emissions.","onlinedate":"2018-03-01 12:00:00","lang":"English","publication_series":"","publication_date":"20180201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"18","keywords":"[\"carbon pricing\",\"climate policy\",\"environmental tax reform\",\"instrument choice\",\"market-based instruments\"]","jelcodes":"[\"H23\"]","related_publications":"[]","pdf":414136,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"554","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2018-03-01 12:00:00","types":[44410],"research_groups":[3655],"collaboration":"","persons":[3652,3659],"persons_data":"[{\"personId\":3652,\"personName\":\"Claudia Kettner-Marx\",\"organisationNames\":[]},{\"personId\":3659,\"personName\":\"Daniela Kletzan-Slamanig\",\"organisationNames\":[]}]","clients":[10642],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Kettner-Marx, C.<\\\/span><span>, &amp; Kletzan-Slamanig, D.<\\\/span> (2018). <span>Carbon Taxes from an Economic Perspective<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (554). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/60971\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/60971<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Kettner-Marx C<\\\/span><span>, Kletzan-Slamanig D<\\\/span>. <span class=\\\"title\\\"><span>Carbon Taxes from an Economic Perspective<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2018 Feb;(554).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{70037f872dde43d08f46bb9f303eb3ad,<\\\/div><div>  title    = \\\"Carbon Taxes from an Economic Perspective\\\",<\\\/div><div>  abstract = \\\"Economic literature generally favours market-based instruments for regulating environmental externalities since they ensure compliance at the least cost to society. Emission taxes have been increasingly introduced internationally, with the focus shifting to CO2 after the adoption of the Kyoto Protocol in 1997. In this paper, the theoretical economic literature on energy and emission taxes is reviewed. The focus is on theoretical recommendations regarding the optimal design of environmental and especially carbon taxes, their performance relative to other instruments, the concept of a double dividend as well as potential competitiveness and distribution effects. Carbon taxation can play a key role in climate policy and for achieving long-term emission reductions. This overview of economic considerations may help in creating a sustainable, effective and efficient regulatory system for reducing emissions.\\\",<\\\/div><div>  keywords = \\\"carbon pricing, climate policy, environmental tax reform, instrument choice, market-based instruments, carbon pricing, climate policy, environmental tax reform, instrument choice, market-based instruments\\\",<\\\/div><div>  author   = \\\"Claudia Kettner-Marx and Daniela Kletzan-Slamanig\\\",<\\\/div><div>  note     = \\\"Carbon Taxes from an Economic Perspective\\\",<\\\/div><div>  year     = \\\"2018\\\",<\\\/div><div>  month    = feb,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Carbon Taxes from an Economic Perspective<\\\/p><p>AU  - Kettner-Marx, Claudia<\\\/p><p>AU  - Kletzan-Slamanig, Daniela<\\\/p><p>N1  - Carbon Taxes from an Economic Perspective<\\\/p><p>PY  - 2018\\\/2<\\\/p><p>Y1  - 2018\\\/2<\\\/p><p>N2  - Economic literature generally favours market-based instruments for regulating environmental externalities since they ensure compliance at the least cost to society. Emission taxes have been increasingly introduced internationally, with the focus shifting to CO2 after the adoption of the Kyoto Protocol in 1997. In this paper, the theoretical economic literature on energy and emission taxes is reviewed. The focus is on theoretical recommendations regarding the optimal design of environmental and especially carbon taxes, their performance relative to other instruments, the concept of a double dividend as well as potential competitiveness and distribution effects. Carbon taxation can play a key role in climate policy and for achieving long-term emission reductions. This overview of economic considerations may help in creating a sustainable, effective and efficient regulatory system for reducing emissions.<\\\/p><p>AB  - Economic literature generally favours market-based instruments for regulating environmental externalities since they ensure compliance at the least cost to society. Emission taxes have been increasingly introduced internationally, with the focus shifting to CO2 after the adoption of the Kyoto Protocol in 1997. In this paper, the theoretical economic literature on energy and emission taxes is reviewed. The focus is on theoretical recommendations regarding the optimal design of environmental and especially carbon taxes, their performance relative to other instruments, the concept of a double dividend as well as potential competitiveness and distribution effects. Carbon taxation can play a key role in climate policy and for achieving long-term emission reductions. This overview of economic considerations may help in creating a sustainable, effective and efficient regulatory system for reducing emissions.<\\\/p><p>KW  - carbon pricing<\\\/p><p>KW  - climate policy<\\\/p><p>KW  - environmental tax reform<\\\/p><p>KW  - instrument choice<\\\/p><p>KW  - market-based instruments<\\\/p><p>KW  - carbon pricing<\\\/p><p>KW  - climate policy<\\\/p><p>KW  - environmental tax reform<\\\/p><p>KW  - instrument choice<\\\/p><p>KW  - market-based instruments<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Carbon Taxes from an Economic Perspective - 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