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Emf32 Results From Nems: Revenue Recycling

Author

Listed:
  • VIPIN ARORA

    (U.S. Energy Information Administration, 1000 Independence Ave. SW, Washington DC, 20585, USA)

  • DAVID DANIELS

    (U.S. Energy Information Administration, 1000 Independence Ave. SW, Washington DC, 20585, USA)

  • IAN MEAD

    (U.S. Energy Information Administration, 1000 Independence Ave. SW, Washington DC, 20585, USA)

  • RUSSELL TARVER

    (U.S. Energy Information Administration, 1000 Independence Ave. SW, Washington DC, 20585, USA)

Abstract

We show results from the National Energy Modeling System generated during the Energy Modeling Forum 32 study — focusing on macroeconomic responses to different methods of recycling carbon tax revenue. We find that recycling such revenue directly to consumers in the form of lump sum payments results in smaller negative GDP impacts than using the revenues to reduce business taxes.

Suggested Citation

  • Vipin Arora & David Daniels & Ian Mead & Russell Tarver, 2018. "Emf32 Results From Nems: Revenue Recycling," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-14, February.
    • Handle: RePEc:wsi:ccexxx:v:09:y:2018:i:01:n:s2010007818400146
    DOI: 10.1142/S2010007818400146
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    References listed on IDEAS

    as
    1. Kydes, Andy S., 2007. "Impacts of a renewable portfolio generation standard on US energy markets," Energy Policy, Elsevier, vol. 35(2), pages 809-814, February.
    2. Ross Morrow, W. & Gallagher, Kelly Sims & Collantes, Gustavo & Lee, Henry, 2010. "Analysis of policies to reduce oil consumption and greenhouse-gas emissions from the US transportation sector," Energy Policy, Elsevier, vol. 38(3), pages 1305-1320, March.
    3. Cullenward, Danny & T. Wilkerson, Jordan & Wara, Michael & Weyant, John P., 2016. "Dynamically estimating the distributional impacts of U.S. climate policy with NEMS: A case study of the Climate Protection Act of 2013," Energy Economics, Elsevier, vol. 55(C), pages 303-318.
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    Cited by:

    1. Brown, Marilyn A. & Li, Yufei & Soni, Anmol, 2020. "Are all jobs created equal? Regional employment impacts of a U.S. carbon tax," Applied Energy, Elsevier, vol. 262(C).
    2. James R. Mcfarland & Allen A. Fawcett & Adele C. Morris & John M. Reilly & Peter J. Wilcoxen, 2018. "Overview Of The Emf 32 Study On U.S. Carbon Tax Scenarios," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-37, February.
    3. Brown, Marilyn A. & Chapman, Oliver, 2021. "The size, causes, and equity implications of the demand-response gap," Energy Policy, Elsevier, vol. 158(C).
    4. Allen A. Fawcett & James R. Mcfarland & Adele C. Morris & John P. Weyant, 2018. "Introduction To The Emf 32 Study On U.S. Carbon Tax Scenarios," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-7, February.
    5. Nick Macaluso & Sugandha Tuladhar & Jared Woollacott & James R. Mcfarland & Jared Creason & Jefferson Cole, 2018. "The Impact Of Carbon Taxation And Revenue Recycling On U.S. Industries," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-41, February.

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