The European Carbon Tax: An Economic Assessment

Overview

The possible introduction of a carbon tax in Europe is an issue which has attracted the attention of numerous economists and policymakers. The problems under debate concern the effects of the tax at different levels: what costs, in terms of GDP growth, will be paid by each European country? Will the effects on income distribution be larger than those on income level? Should the carbon tax be coordinated among the European countries or would it be better to impose a uniform tax rate on carbon emissions? Can Europe...

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Overview

The possible introduction of a carbon tax in Europe is an issue which has attracted the attention of numerous economists and policymakers. The problems under debate concern the effects of the tax at different levels: what costs, in terms of GDP growth, will be paid by each European country? Will the effects on income distribution be larger than those on income level? Should the carbon tax be coordinated among the European countries or would it be better to impose a uniform tax rate on carbon emissions? Can Europe introduce the tax unilaterally or should this be done jointly, with the other industrialised countries? This book provides answers to such questions. It analyses the effects of the European carbon tax on both a domestic and at an international level.

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Product Details

Table of Contents

Introduction 1
Global Effects of the European Carbon Tax 15
Distributional Effects of a European Carbon Tax 49
Carbon Taxes and Energy Markets 67
Carbon Taxation in Germany: Approaches and Prospective Effects 103
The Use of Economic Models for Analysing Environmental Problems: the Case of the Greenhouse Effect for France 113
The EC Carbon Tax and Energy Demand in the United Kingdom 135
The Welfare Effect of a Carbon Tax for China 153
Environmental and Economic Effects of the European Carbon Tax: the Italian Case 171
Airborne Toxic ("Big 5") and GHG (CO[subscript 2]) Emissions: Italy 1991-1995 197
Stabilizing CO[subscript 2] Emissions in Europe: Individual Stabilization versus Harmonization of Carbon Taxes 221
The Carbon Tax: Economic and Policy Issues 239
Is the European Carbon Tax Really Effective? 255
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