Advertisement

Prevention of Global Warming and Taxation of Energy and Carbon Emissions: On a Recent EC Proposal

Chapter
  • 18 Downloads
Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)

Abstract

The EC Commission has recently put forward the proposai to restrain growth of carbon (dioxide) emissions, as a preventive policy with respect to the risk of global warming. To this effect, a number of policy measures should be enacted, including, prominently, taxation of carbon emissions themselves and of energy use in general (EC Commission [6]). It is not clear (at least not to the present writer), what the concrete developments will be, following this proposai: whether it will be approved, and, in such case, whether modifications will be required, and of what magnitude. For certain, however, the proposai is finding widely differing favour with the governments of the various European countries, and in more than one country the ministries involved (those having responsibilities in matters of environment, energy and taxation) seem to hold significantly differing opinions. At the same time, as could be expected, opposition from industrial interests is firm as well as active, and therefore, plausibly, able to make its influence felt.

Keywords

Global Warming Carbon Emission Emission Abatement Policy Package Unilateral Action 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Bibliography

  1. 1.
    BONANATE L.: Etica e politica internazionale, Turin, Einaudi, 1992.Google Scholar
  2. 2.
    BRADLEY R.S.: «Riscaldamento globale? No grazie», L'impresa ambiente, n. 3, 1992, pp. 51-9.Google Scholar
  3. 3.
    CUNE W.R.: «Scientific Basis for the Greenhouse Effect», Economic Journal, vol. 101, July 1991, pp. 904-19.CrossRefGoogle Scholar
  4. 4.
    D'ARGE R.C. - SCHULTZE W.D. - BROOKSHIRE D.S.: «Carbon Dioxide and Intergenerational Choice», American Economic Review (Papers and Proceedings), vol. 72, May 1982, pp. 251-6.Google Scholar
  5. 5.
    DATA RESOURCES INC.: Impact of a Package of EC Measures to Control C02 Emissions in European Industry: Final Report, (Prepared for the Commission of the European Communities, DG XI), (mimeo), Brussels, Data Resources Inc., January 1992.Google Scholar
  6. 6.
    EC COMMISSION: A Community Strategy to Limit Carbon Dioxide Emissions and Improve Energy Efficiency: Communication from the Commission to the Council, Brussels, 26 September 26, 1991 (SEC [91] 1744 def.).Google Scholar
  7. 7.
    HOEL M.: «Global Environmental Problems: The Effects of Unilateral Actions Taken by One Country», Journal of Environmental Economies and Management, vol. 20, January 1991, pp. 55-70.CrossRefGoogle Scholar
  8. 8.
    HOUGHTON J.T. - JENKINS G.J. - EPHRAUMS J.J. (eds.): Climate Change: The IPCC Scientific Assessment, Cambridge, Cambridge University Press, 1990.Google Scholar
  9. 9.
    JOHNSON P. - MCKAY S. - SMITH S.: The Distributional Consequences of Environmental Taxes, London, Institute for Fiscal Studies, 1990.Google Scholar
  10. 10.
    MANNE A.S. - RICHELS R.G.: The EC Proposai for Combining Carbon and Energy Taxes: The Implications for Future CÔ2 Emissions, (mimeo), Palo Alto (Ca.), Electric Power Research Institute, 1992.Google Scholar
  11. 11.
    MARSHALL INSTITUTE: Scientific Perspectives on the Greenhouse Problem, Washington (DC), George C. Marshall Institute, 1990.Google Scholar
  12. 12.
    MORS M.: «The Economies of Policies to Stabilize or Reduce Greenhouse Gas Emissions: The Case of C02», Brussels, Commission of the European Communities - Directorate for Economic and Financial Affaire, Economic Papers, n. 87, October 1991.Google Scholar
  13. 13.
    NORDHAUS W.D.: Strategies for the Control of Carbon Dioxide, New Haven (Ct.), Cowles Foundation, Discussion Paper, n. 443, 1977.Google Scholar
  14. 14.
    ___: Thinking About Carbon Dioxide: Theoretical and Empirical Aspects of Optimal Growth Strategies, New Haven (Ct.), Cowles Foundation, Discussion Paper, n. 565, 1980.Google Scholar
  15. 15.
    ___: «How Fast Should We Graze the Global Commons?», American Economic Review (Papers and Proceedings), vol. 72, May 1982, pp. 242-50.Google Scholar
  16. 16.
    ___: «Global Warming: Slowing the Greenhouse Express», in AARON H.J. (ed.): Setting National Priorities: Policy for the Nineties, Washington, (DC), Brookings Inst., 1990.Google Scholar
  17. 17.
    ___: «A Sketch of the Economies of the Greenhouse Effect», American Economic Review (Papers and Proceedings), vol. 81, May 1991, pp. 146-50.Google Scholar
  18. 18.
    ___: «To Slow or Not to Slow: The Economies of the Greenhouse Effect», Economic Journal, vol. 101, July 1991, pp. 920-37.Google Scholar
  19. 19.
    ___: «The Cost of Slowing Climate Change: A Survey», Energy Journal, vol. 12, n. 1, 1991, pp. 37-65.Google Scholar
  20. 20.
    ___: «Economic Approaches to Global Warming», in DORNBUSCH R. - POTERBA J.M. (eds.): Global Warming: Economic Policy Responses, Cambridge (Mass.), Mit Press, 1991, pp. 33-66.Google Scholar
  21. 21.
    ___: «Economic Policy in the Face of Global Warming», in TESTER J.W. - WOOD D.O. - FERRARI N.A. (eds.): Energy and the Environment in the 21st Century, Cambridge (Mass.), Mit Press, 1991, pp. 103-18.Google Scholar
  22. 22.
    PATRIZII V.: Le modificazioni irreversibili: aspetti di valutazione economica, (mimeo), Paper presented at the 32nd Annual Meeting of the Società italiana degli economisti, Rome, October 1991.Google Scholar
  23. 23.
    PEARCE D. - MARKANDYA A. - BARBIER E.B.: Blueprint for a Green Economy, London, Earthscan, 1990.Google Scholar
  24. 24.
    PEARSON M. - SMITH S.: The European Carbon Tax: An Assessment of the European Commissions Proposais, London, Institute for Fiscal Studies, 1991.Google Scholar
  25. 25.
    PINDYCK R.S.: «Irreversibility, Uncertainty, and Investment», Journal of Economic Literature, vol. 29, September 1991, pp. 1110-48.Google Scholar
  26. 26.
    SCHELLING T.C.: «Economic Responses to Global Warming: Prospects for Coopera-tive Approaches», in DORNBUSCH R. - POTERBA J.M. (eds.): Global Warming: Economic Policy Responses, Cambridge (Mass.), Mit Press., 1991, pp. 197-221.Google Scholar
  27. 27.
    SCHNEIDER S.H.: Global Warming: Are We Entering the Greenhouse Century?, San Francisco (Cal.), Sierra Club Books, 1989.Google Scholar
  28. 28.
    SOLOW R.S.: «Is There a Global Warming Problem?», in DORNBUSCH R. - POTERBA J.M. (eds.): Global Warming: Economic Policy Responses, Cambridge (Mass.), Mit Press, 1991, pp. 7-28.Google Scholar

Copyright information

© SIPI Servizio Italiano Pubblicazioni Internazionali Srl 1994

Authors and Affiliations

  1. 1.Università di Roma «La Sapienza» and Università di UrbinoItaly

Personalised recommendations