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Carbon-energy tax and emission permits to fight climate changes

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  • Alberto Majocchi

Abstract

This paper discusses the proposal of European Community to introduce a carbon- energy tax with the aim to curb greenhouse gas emissions. Nevertheless the relative successful of this initiative, the volatility of the prices of permits and firms free allocation of permits may undermine the achievement of the emissions permits goals. Therefore,the problem of global warming should be addressed using both quantity and price economic instruments, i.e. that the emission trading scheme should be complemented by a carbon-energy tax. Moreover, it is necesary to move towards a tax on consumption of carbon rather than on carbon production. Finally, environmental federalism could be seen as the direction for implementing the combined system of tax and permits.

Suggested Citation

  • Alberto Majocchi, 2013. "Carbon-energy tax and emission permits to fight climate changes," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2013(2), pages 113-127.
    • Handle: RePEc:fan:efeefe:v:html10.3280/efe2013-002007
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    References listed on IDEAS

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    5. Gilbert E. Metcalf, 2009. "Market-Based Policy Options to Control U.S. Greenhouse Gas Emissions," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 5-27, Spring.
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    Cited by:

    1. Luigi De Paoli, 2014. "The EU climate and energy policy: what about the new targets for 2030?," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2014(1), pages 27-51.

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