The Role Of Revenue Recycling Schemes In Environmental Tax Selection
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Author | : Govinda R. Timilsina |
Publisher | : World Bank Publications |
Total Pages | : 52 |
Release | : 2007 |
Genre | : Carbon taxes |
ISBN | : |
Abstract: This study examines the roles of revenue recycling schemes for the selection of alternative tax instruments (i.e., carbon-, sulphur-, energy- and output-tax) to reduce CO2 emissions to a specified level in Thailand. A static, single period, multi-sectoral computable general equilibrium (CGE) model of the Thai economy has been developed for this purpose. This study finds that the selection of a tax instrument to reduce CO2 emissions would be significantly influenced by the scheme to recycle the tax revenue to the economy. If the tax revenue is recycled to finance cuts in the existing labour or indirect tax rates, carbon tax would be more efficient than the sulphur-, energy- and output-taxes to reduce CO2 emissions. On the other hand, if the tax revenue is recycled to households through a lump-sum transfer, sulphur and carbon taxes would be more efficient than energy and output taxes. The ranking between the sulphur and carbon taxes under the lump sum transfer scheme depends on substitution possibility of fossil fuels. Sulphur tax is found superior over carbon tax at the higher substitution possibility between fossil fuels; the reverse is found true at the lower substitution possibility. In all schemes of revenue recycling considered, the output tax is found to be the most costly (i.e., in welfare terms) despite the fact that it generates two to three times higher revenue than the other tax instruments.
Author | : Govinda R. Timilsina |
Publisher | : |
Total Pages | : 0 |
Release | : 2014 |
Genre | : |
ISBN | : |
This study examines the roles of revenue recycling schemes for the selection of alternative tax instruments (i.e., carbon-, sulphur-, energy- and output-tax) to reduce CO2 emissions to a specified level in Thailand. A static, single period, multi-sectoral computable general equilibrium (CGE) model of the Thai economy has been developed for this purpose. This study finds that the selection of a tax instrument to reduce CO2 emissions would be significantly influenced by the scheme to recycle the tax revenue to the economy. If the tax revenue is recycled to finance cuts in the existing labour or indirect tax rates, carbon tax would be more efficient than the sulphur-, energy- and output-taxes to reduce CO2 emissions. On the other hand, if the tax revenue is recycled to households through a lump-sum transfer, sulphur and carbon taxes would be more efficient than energy and output taxes. The ranking between the sulphur and carbon taxes under the lump sum transfer scheme depends on substitution possibility of fossil fuels. Sulphur tax is found superior over carbon tax at the higher substitution possibility between fossil fuels; the reverse is found true at the lower substitution possibility. In all schemes of revenue recycling considered, the output tax is found to be the most costly (i.e., in welfare terms) despite the fact that it generates two to three times higher revenue than the other tax instruments.
Author | : Paul Ekins |
Publisher | : |
Total Pages | : 0 |
Release | : 2011 |
Genre | : Environmental impact charges |
ISBN | : |
A comprehensive analysis of an environmental tax reform where people are taxed on pollution and the use of natural resources instead of on their income, this book looks at the challenges involved in implementing this tax reform across Europe.
Author | : Ian Parry |
Publisher | : World Bank Publications |
Total Pages | : 44 |
Release | : 1999 |
Genre | : Environmental impact charges |
ISBN | : |
Presents the paper "Tax Deductions, Environmental Policy, and the "Double Dividend" Hypothesis," written by Ian Parry and Antonio Bento in May 1999 for the World Bank. The authors find that incorporating tax-favored consumption in models of environmental tax swaps may overturn key results from earlier studies.
Author | : Fereidoon Sioshansi |
Publisher | : Elsevier |
Total Pages | : 641 |
Release | : 2011-06-02 |
Genre | : Technology & Engineering |
ISBN | : 0123851378 |
The complexity of carbon reduction and economic sustainability is significantly complicated by competing aspects of socioeconomic practices as well as legislative, regulatory, and scientific requirements and protocols. An easy to read and understand guide, Sioshansi, along with an international group of contributors, moves through the maze of carbon reduction methods and technologies, providing steps and insights to meet carbon reduction requirements and maintaining the health and welfare of the firm. The book's three part treatment is based on a clear and rigorous exposition of a wide range of options to reduce the carbon footprint Part 1 of the book, Challenge of Sustainability, examines the fundamental drivers of energy demand – economic growth, the need for basic energy services, and the interdependence of economic, political, environmental, social, equity, legacy and policy issues. Part 2 of the book, Technological Solutions, examines how energy can be used to support basic energy service needs of homes, commercial and industrial facilities and for other applications. Part 3 of the book, case studies, covers a number of innovative projects, initiatives, concepts or self-imposed targets in different parts of the world with the aim of significantly reducing energy use and carbon footprint of a company, a community, a city or an entire country. There was a widespread recognition among environmental engineers and energy economist of the importance of carbon reduction while sustaining the firm's economic growth. The only book to bring together both subjects into one easy to understand reference, Carbon Reduction and Economic Sustainability not only clearly explains which option has the lowest energy/carbon footprint but also which option would better suit the business in question. This includes carbon reduction for residential, transport, industrial and public sectors. - The only book to clearly explain the economic and environmental engineering aspects of carbon reduction. - Case studies taken from a number of international projects. - Carbon reduction options for all sectors of society. - The role of the planning system in carbon reduction.
Author | : Management Association, Information Resources |
Publisher | : IGI Global |
Total Pages | : 1680 |
Release | : 2019-12-06 |
Genre | : Technology & Engineering |
ISBN | : 1799812111 |
As the world’s population continues to grow and economic conditions continue to improve, more solid and liquid waste is being generated by society. Improper disposal methods can not only lead to harmful environmental impacts but can also negatively affect human health. To prevent further harm to the world’s ecosystems, there is a dire need for sustainable waste management practices that will safeguard the environment for future generations. Waste Management: Concepts, Methodologies, Tools, and Applications is a vital reference source that examines the management of different types of wastes and provides relevant theoretical frameworks about new waste management technologies for the control of air, water, and soil pollution. Highlighting a range of topics such as contaminant removal, landfill treatment, and recycling, this multi-volume book is ideally designed for environmental engineers, waste authorities, solid waste management companies, landfill operators, legislators, environmentalists, policymakers, government officials, academicians, researchers, and students.
Author | : Govinda R. Timilsina |
Publisher | : World Bank Publications |
Total Pages | : 31 |
Release | : 2012 |
Genre | : |
ISBN | : |
This paper analyzes the economic and environmental consequences of a potential demand side management program in Thailand using a general equilibrium model. The program considers replacement of less efficient electrical appliances in the household sector with more efficient counterparts. The study further examines changes in the economic and environmental effects of the program if it is implemented under the clean development mechanism of the Kyoto Protocol, which provides carbon subsidies to the program. The study finds that the demand side management program would increase economic welfare if the ratio of unit cost of electricity savings to price of electricity is 0.4 or lower even in the absence of the clean development mechanism. If the program's ratio of unit cost of electricity savings to price of electricity is greater than 0.4, registration of the program under the clean development mechanism would be needed to achieve positive welfare impacts. The level of welfare impacts would, however, depend on the price of carbon credits the program generates. For a given level of welfare impacts, the registration of the demand side management program under the clean development mechanism would increase the volume of emission reductions.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 118 |
Release | : 2019-09-23 |
Genre | : |
ISBN | : 926430939X |
This report provides a cross-country review of waste, materials management and circular economy policies in selected OECD countries, drawing on OECD’s Environmental Performance Reviews during the period 2010-17. It presents the main achievements in the countries reviewed, along with common ...
Author | : Baoping Shang |
Publisher | : International Monetary Fund |
Total Pages | : 32 |
Release | : 2021-06-25 |
Genre | : Business & Economics |
ISBN | : 151357339X |
Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.
Author | : Toshi H. Arimura |
Publisher | : Springer Nature |
Total Pages | : 271 |
Release | : 2020-09-17 |
Genre | : Business & Economics |
ISBN | : 9811569649 |
This open access book evaluates, from an economic perspective, various measures introduced in Japan to prevent climate change. Although various countries have implemented such policies in response to the pressing issue of climate change, the effectiveness of those programs has not been sufficiently compared. In particular, policy evaluations in the Asian region are far behind those in North America and Europe due to data limitations and political reasons. The first part of the book summarizes measures in different sectors in Japan to prevent climate change, such as emissions trading and carbon tax, and assesses their impact. The second part shows how those policies have changed the behavior of firms and households. In addition, it presents macro-economic simulations that consider the potential of renewable energy. Lastly, based on these comprehensive assessments, it compares the effectiveness of measures to prevent climate change in Japan and Western countries. Providing valuable insights, this book will appeal to both academic researchers and policymakers seeking cost-effective measures against climate change.