Carbon tax needs thresholds to reach its full potential

The political opportunities for implementing a carbon tax high enough to induce large emission cuts will be better if at first the tax is charged on the difference between emissions and fixed thresholds, rather than on all emissions as is now practised.

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Bibliographic Details
Published in:Nature climate change 2013-12, Vol.3 (12), p.1008-1011
Main Authors: Pezzey, John C. V., Jotzo, Frank
Format: Article
Language:English
Subjects:
704/844/2175
704/844/843
706/689/222
706/689/694/682
Climate Change
Climate Change/Climate Change Impacts
commentary
Environment
Environmental Law/Policy/Ecojustice
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Description
Summary:The political opportunities for implementing a carbon tax high enough to induce large emission cuts will be better if at first the tax is charged on the difference between emissions and fixed thresholds, rather than on all emissions as is now practised.
ISSN:1758-678X
1758-6798
DOI:10.1038/nclimate2054