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Indexing European carbon taxes to the EU ETS Permit Price: a good idea?
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics Stockholm.
University of Las Palmas de Gran Canaria.
2013 (English)Report (Other academic)
Abstract [en]

We study an environmental policy that (i) tax some emitters while others are covered by a cap-and-trade system and (ii) index the tax level to the permit price. Such a policy could be attractive in a world where abatement costs are uncertain and the regulator has information about the correlation between the cost shocks to the two groups. We show that this index policy yields lower expected social cost than the policy mix studied in Mandell (2008). The value of indexing is higher the stronger the correlation is, the steeper the marginal abatement benefit curve is, and the more uncertain we are about the taxed sector’s abatement costs. The index policy may also outperform the uniform policy alternatives emission tax and cap-and-trade system. The conditions for this are more restrictive, though. Given parameter values plausible for the European climate change policy context, expected net-gains are small or negative.

Place, publisher, year, edition, pages
Stockholm: CTS , 2013. , 28 p.
Series
CTS Working Paper, 2013:33
Keyword [en]
Carbon dioxide, Tax, Emission control, Trade, Calculation, Mathematical model
National Category
Economics
Research subject
Road: General works, surveys, comprehensive works, Road: Economics
Identifiers
URN: urn:nbn:se:vti:diva-401OAI: oai:DiVA.org:vti-401DiVA: diva2:667777
Available from: 2013-11-27 Created: 2013-11-27 Last updated: 2014-05-16Bibliographically approved

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Other links

http://swopec.hhs.se/ctswps/abs/ctswps2013_033.htm

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Carlén, Björn

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf