| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29224 |
| 来源ID | Working Paper 29224 |
| Can Today's and Tomorrow's World Uniformly Gain from Carbon Taxation? | |
| Laurence J. Kotlikoff; Felix Kubler; Andrey Polbin; Simon Scheidegger | |
| 发表日期 | 2021-09-13 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Climate change will impact current and future generations in different regions very differently. This paper develops the first large-scale, annually calibrated, multi-region, overlapping generations model of climate change and carbon policy. It features region-specific temperature and damage functions with the phased impact of emissions on global and regional temperature calibrated to the latest scientific evidence. Absent policy, calibrated worst-case damages in the next 200 years reach and remain near 20 percent of GDP for most regions, with India, Brazil, and the South Asian Pacific suffering roughly 40 percent of GDP losses. Russia and Canada benefit somewhat from global warming. Carbon taxation, coupled with region- and generation-specific transfers, can both correct the carbon externality and raise the welfare of all current and future agents across all regions by 4.3 percent. The impact on the use and duration of fossil fuels is dramatic, as is the reduction in the path of global emissions. However, achieving completely uniform welfare gains leaves future generations in particular regions with exceptionally high net taxes. Fortunately, a carbon tax-cum redistribution policy that limits the consumption-equivalent net tax burden on any generation in any region to less than 10 percent can deliver a 4.0 percent or higher welfare gain for all peoplekind – present and future. However, carbon taxes set through time, at carbon’s marginal intertemporal social cost do far too little to mitigate climate change unless all major emitters, particularly China, adopt them and do so immediately. |
| 主题 | Public Economics ; Taxation ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w29224 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586898 |
| 推荐引用方式 GB/T 7714 | Laurence J. Kotlikoff,Felix Kubler,Andrey Polbin,et al. Can Today's and Tomorrow's World Uniformly Gain from Carbon Taxation?. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w29224.pdf（2054KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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