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Emission Taxes versus Other Environmental Policies

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  • Michael Hoel

Abstract

In the environmental policy of most countries, various forms of quotas and direct regulation are more important than environmental taxes. This paper addresses four arguments which are often given against the use of emission taxes. The three arguments related to information asymmetries and non‐convexities are valid in the sense that they point to complications in the use of environmental taxes. The fourth argument is related to the employment effects of different types of environmental policies in economies with unemployment. Although this argument is frequently used by politicians, the analysis provides no justification for it. On the contrary: in the model used, employment is higher with environmental taxes than with non‐revenue‐raising environmental policies.

Suggested Citation

  • Michael Hoel, 1998. "Emission Taxes versus Other Environmental Policies," Scandinavian Journal of Economics, Wiley Blackwell, vol. 100(1), pages 79-104, March.
    • Handle: RePEc:bla:scandj:v:100:y:1998:i:1:p:79-104
    DOI: 10.1111/1467-9442.00091
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    Cited by:

    1. Fabio Antoniou & Panos Hatzipanayotou & Phoebe Koundouri, 2012. "Second Best Environmental Policies under Uncertainty," Southern Economic Journal, John Wiley & Sons, vol. 78(3), pages 1019-1040, January.
    2. Vidar Christiansen & Stephen Smith, 2012. "Externality‐Correcting Taxes and Regulation," Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(2), pages 358-383, June.
    3. Knut Einar Rosendahl & Halvor Briseid Storrøsten, 2011. "Output-based allocation and investment in clean technologies," Discussion Papers 644, Statistics Norway, Research Department.
    4. Arikan, Yildiz & Kumbaroglu, Gurkan, 2001. "Endogenising emission taxes : A general equilibrium type optimisation model applied for Turkey," Energy Policy, Elsevier, vol. 29(12), pages 1045-1056, October.
    5. Abdul Baki, Ghina & Marrouch, Walid, 2022. "Environmental taxation in the Bertrand differentiated duopoly: New insights," Resource and Energy Economics, Elsevier, vol. 70(C).
    6. Jamal Nazrul Islam1, & Haradhan Kumar Mohajan & Joly Paul, 2011. "Taxes on cars and Gasoline to Control of Air Pollution: Suggested Models for Bangladesh," Indus Journal of Management & Social Science (IJMSS), Department of Business Administration, vol. 5(2), pages 60-73, June.
    7. Juan Carlos Bárcena‐Ruiz & María Begoña Garzón, 2022. "Environmental policy instruments and ownership of firms," Manchester School, University of Manchester, vol. 90(4), pages 385-408, July.
    8. Scott Barrett, 2006. "Climate Treaties and "Breakthrough" Technologies," American Economic Review, American Economic Association, vol. 96(2), pages 22-25, May.
    9. Kuang-Feng Cheng & Chien-Shu Tsai & Chu-Chuan Hsu & Szu-Chung Lin & Ting-Chung Tsai & Jen-Yao Lee, 2019. "Emission Tax and Compensation Subsidy with Cross-Industry Pollution," Sustainability, MDPI, vol. 11(4), pages 1-23, February.
    10. Fullerton Don & West Sarah E, 2010. "Tax and Subsidy Combinations for the Control of Car Pollution," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-33, February.
    11. Douglas Auld, 2016. "Emissions intensity and choice of policy instrument with asymmetric information and growth," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 5(2), pages 227-235, July.
    12. Kolstad, Charles D. & Toman, Michael, 2005. "The Economics of Climate Policy," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 30, pages 1561-1618, Elsevier.
    13. Agnar Sandmo, 2002. "Efficient Environmental Policy with Imperfect Compliance," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(1), pages 85-103, September.
    14. Baldursson, Fridrik M & von der Fehr, Nils-Henrik M, 2004. "A Whiter Shade of Pale: on the Political Economy of Regulatory Instruments," Memorandum 29/2004, Oslo University, Department of Economics.
    15. Budzinski, Oliver, 2002. "Ecological Tax Reform and Unemployment," Hannover Economic Papers (HEP) dp-251, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    16. Baldursson, Fridrik M. & von der Fehr, Nils-Henrik M., 2008. "Prices vs. quantities: Public finance and the choice of regulatory instruments," European Economic Review, Elsevier, vol. 52(7), pages 1242-1255, October.
    17. Brita Bye & Snorre Kverndokk & Knut Rosendahl, 2002. "Mitigation costs, distributional effects, and ancillary benefits of carbon policies in the Nordic countries, the U.K., and Ireland," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 7(4), pages 339-366, December.
    18. Torstein Bye & Annegrete Bruvoll, 2008. "Multiple instruments to change energy behaviour: The emperor's new clothes?," Discussion Papers 549, Statistics Norway, Research Department.
    19. Godal, Odd & Holtsmark, Bjart, 2001. "Greenhouse gas taxation and the distribution of costs and benefits: the case of Norway," Energy Policy, Elsevier, vol. 29(8), pages 653-662, June.
    20. Henry van Egteren, 2002. "Regulating an Externality-Generating Utility Environmental Taxes Under Limited Information," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 21(2), pages 107-133, February.
    21. Oleksiy RIABCHYN & Nadiia NOVYTSKA & Inna KHLIEBNIKOVA, 2021. "Conceptual Approaches To Improving Carbon Dioxid Taxation In Ukraine," Economy and Forecasting, Valeriy Heyets, issue 4, pages 53-73.

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