Climate change and intergenerational equity : revisiting the uniform taxation principle on carbon energy inputs

Abstract: This paper presents a neoclassical growth model with three energy sectors and a climate externality. Energy is used in the production of the final consumption good. The energy sectors differ on the exhaustibility of the energy resource. Oil is an exhaustible resource, coal is an abundant r...

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Autor principal: Belfiori, María Elisa
Formato: Artículo
Lenguaje:Inglés
Publicado: Elsevier 2020
Materias:
CAMBIO CLIMATICO
CLIMA
DESARROLLO ECONOMICO
MEDIO AMBIENTE
IMPUESTOS
TRIBUTACION
EXTERNALIDADES
ENERGIA
CARBON
Acceso en línea:https://repositorio.uca.edu.ar/handle/123456789/9490
Aporte de:
Repositorio Institucional de la Universidad Católica Argentina (UCA) de Universidad Católica Argentina
id I33-R139123456789-9490
record_format dspace
institution Universidad Católica Argentina
institution_str I-33
repository_str R-139
collection Repositorio Institucional de la Universidad Católica Argentina (UCA)
language Inglés
topic CAMBIO CLIMATICO
CLIMA
DESARROLLO ECONOMICO
MEDIO AMBIENTE
IMPUESTOS
TRIBUTACION
EXTERNALIDADES
ENERGIA
CARBON
spellingShingle CAMBIO CLIMATICO
CLIMA
DESARROLLO ECONOMICO
MEDIO AMBIENTE
IMPUESTOS
TRIBUTACION
EXTERNALIDADES
ENERGIA
CARBON
Belfiori, María Elisa
Climate change and intergenerational equity : revisiting the uniform taxation principle on carbon energy inputs
topic_facet CAMBIO CLIMATICO
CLIMA
DESARROLLO ECONOMICO
MEDIO AMBIENTE
IMPUESTOS
TRIBUTACION
EXTERNALIDADES
ENERGIA
CARBON
description Abstract: This paper presents a neoclassical growth model with three energy sectors and a climate externality. Energy is used in the production of the final consumption good. The energy sectors differ on the exhaustibility of the energy resource. Oil is an exhaustible resource, coal is an abundant resource, and a green energy sector uses labor. Oil and coal use increases the stock of carbon in the atmosphere, which generates a climate externality. Standard Pigouvian taxation prescribes that a uniform tax on all carbon energy inputs is optimal. This uniform tax must be equal to the social cost of carbon because this is the externality that the usage of these inputs generates. I consider a policymaker who cares about future generations and may discount the future less than the individuals in the economy. This paper's main theoretical result is that the uniform taxation rule does not carry over to an economy with a low social discount rate. In particular, the optimal carbon tax on oil does not equal the optimal carbon tax on coal. Moreover, while the optimal tax on coal equals the social cost of carbon, the optimal carbon tax on oil follows a more general formula.
format Artículo
author Belfiori, María Elisa
author_facet Belfiori, María Elisa
author_sort Belfiori, María Elisa
title Climate change and intergenerational equity : revisiting the uniform taxation principle on carbon energy inputs
title_short Climate change and intergenerational equity : revisiting the uniform taxation principle on carbon energy inputs
title_full Climate change and intergenerational equity : revisiting the uniform taxation principle on carbon energy inputs
title_fullStr Climate change and intergenerational equity : revisiting the uniform taxation principle on carbon energy inputs
title_full_unstemmed Climate change and intergenerational equity : revisiting the uniform taxation principle on carbon energy inputs
title_sort climate change and intergenerational equity : revisiting the uniform taxation principle on carbon energy inputs
publisher Elsevier
publishDate 2020
url https://repositorio.uca.edu.ar/handle/123456789/9490
work_keys_str_mv AT belfiorimariaelisa climatechangeandintergenerationalequityrevisitingtheuniformtaxationprincipleoncarbonenergyinputs
bdutipo_str Repositorios
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