Output-based rebating of carbon taxes in the neighbor's backyard:
We investigate how carbon taxes combined with output-based rebating (OBR) in an open economy perform in interaction with the carbon policies of a large neighboring trading partner. Analytical results suggest that whether the purpose of the OBR policy is to compensate firms for carbon tax burdens or...
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| Hauptverfasser: | , , , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Oldenburg
University of Oldenburg, Department of Economics
June 2014
|
| Schriftenreihe: | V
382 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | We investigate how carbon taxes combined with output-based rebating (OBR) in an open economy perform in interaction with the carbon policies of a large neighboring trading partner. Analytical results suggest that whether the purpose of the OBR policy is to compensate firms for carbon tax burdens or to maximize welfare (accounting for global emission reductions), the second-best OBR rate should be positive in most cases. Further, it should fall with the introduction of carbon taxation in the neighboring country, particularly if the neighbor refrains from OBR. Numerical simulations for Canada with the US as the neighboring trading partner, indicates that the impact of US policies on the second-best OBR rate will depend crucially on the purpose of the domestic OBR policies. If the aim is to restore the competitiveness of domestic emission-intensive, trade exposed (EITE) firms at the same level as before the introduction of its own carbon taxation for a given US carbon policy, we find that the domestic optimal OBR rates are relatively insensitive to the foreign carbon policies. If the aim is to compensate the firms for actions taken by the US following a Canadian carbon tax, the necessary domestic OBR rates will be lower if also the US regulates its emissions, particularly if the US refrains from OBR. If the goal is rather to increase the efficiency of Canadian policies in an economy-wide sense by accounting for carbon leakage, the US policies have but a minor reducing impact on domestic optimal OBR rates. |
| Beschreibung: | 1 Online-Ressource (30 Seiten) Diagramme |
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| indexdate | 2024-07-10T07:32:53Z |
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| series2 | Oldenburg discussion papers in economics V |
| spelling | Böhringer, Christoph Verfasser (DE-588)171345169 aut Output-based rebating of carbon taxes in the neighbor's backyard Christoph Böhringer, Brita Bye, Taran Fæhn, Knut Einar Rosendahl Oldenburg University of Oldenburg, Department of Economics June 2014 1 Online-Ressource (30 Seiten) Diagramme txt rdacontent c rdamedia cr rdacarrier Oldenburg discussion papers in economics V 382 We investigate how carbon taxes combined with output-based rebating (OBR) in an open economy perform in interaction with the carbon policies of a large neighboring trading partner. Analytical results suggest that whether the purpose of the OBR policy is to compensate firms for carbon tax burdens or to maximize welfare (accounting for global emission reductions), the second-best OBR rate should be positive in most cases. Further, it should fall with the introduction of carbon taxation in the neighboring country, particularly if the neighbor refrains from OBR. Numerical simulations for Canada with the US as the neighboring trading partner, indicates that the impact of US policies on the second-best OBR rate will depend crucially on the purpose of the domestic OBR policies. If the aim is to restore the competitiveness of domestic emission-intensive, trade exposed (EITE) firms at the same level as before the introduction of its own carbon taxation for a given US carbon policy, we find that the domestic optimal OBR rates are relatively insensitive to the foreign carbon policies. If the aim is to compensate the firms for actions taken by the US following a Canadian carbon tax, the necessary domestic OBR rates will be lower if also the US regulates its emissions, particularly if the US refrains from OBR. If the goal is rather to increase the efficiency of Canadian policies in an economy-wide sense by accounting for carbon leakage, the US policies have but a minor reducing impact on domestic optimal OBR rates. Bye, Brita Verfasser (DE-588)171726804 aut Fæhn, Taran Verfasser (DE-588)170692310 aut Rosendahl, Knut Einar 1967- Verfasser (DE-588)171344774 aut V 382 (DE-604)BV039810434 382 http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-382-15.pdf Verlag kostenfrei Volltext |
| spellingShingle | Böhringer, Christoph Bye, Brita Fæhn, Taran Rosendahl, Knut Einar 1967- Output-based rebating of carbon taxes in the neighbor's backyard V |
| title | Output-based rebating of carbon taxes in the neighbor's backyard |
| title_auth | Output-based rebating of carbon taxes in the neighbor's backyard |
| title_exact_search | Output-based rebating of carbon taxes in the neighbor's backyard |
| title_full | Output-based rebating of carbon taxes in the neighbor's backyard Christoph Böhringer, Brita Bye, Taran Fæhn, Knut Einar Rosendahl |
| title_fullStr | Output-based rebating of carbon taxes in the neighbor's backyard Christoph Böhringer, Brita Bye, Taran Fæhn, Knut Einar Rosendahl |
| title_full_unstemmed | Output-based rebating of carbon taxes in the neighbor's backyard Christoph Böhringer, Brita Bye, Taran Fæhn, Knut Einar Rosendahl |
| title_short | Output-based rebating of carbon taxes in the neighbor's backyard |
| title_sort | output based rebating of carbon taxes in the neighbor s backyard |
| url | http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-382-15.pdf |
| volume_link | (DE-604)BV039810434 |
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