Public Policies Against Global Warming

By H. Sinn. Social Science Research Network, 2007

200 citations recorded by the source corpus.

Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies -- such as increasing ad-valorem taxes on carbon consumption or increasing subsidies for replacement technologies -- may exacerbate the problem as it gives resource owners the incentive to avoid future price reductions by anticipating their sales. Useful policies instead involve sequestration, afforestation, stabilization of property rights and emissions trading. Among the public finance measures, constant unit carbon taxes and source taxes on capital income for resource owners stand out.

Subfields: Economics and Econometrics, Management, Monitoring, Policy and Law, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/f2bf9eed984548179d67199d3232cecf26c93cbf

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Citations in the corpus

Carbon Leakage, the Green Paradox and Perfect Future Markets (2011, unknown): “perfectly elastic. For the consideration of stock-dependent extraction costs see Sinn (2008) .”
Carbon Lorenz curves (2010, background): “Sinn (2007) speaks of ‘The greatest externality ever’.”
Too Much Coal, Too Little Oil (2012, background): “Damages from CO2 emissions can be modelled through a negative externality in production (cf., Heal, 1985; Sinn, 2008ab), but we suppose that they directly damage social 5 Our paper is related to earlier work on the Green Paradox by Gerlagh (2011).”
Theoretical perspectives on resource tax design (2009, background): “The incidence of a uniform carbon tax might then fall largely on consumers, with little impact on extraction paths but potentially significant effects in fostering the development of alternative technologies (Sinn (2007), Strand (2007)).”