| DOI: | 10.1002/wcc.375
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| Scopus记录号: | 2-s2.0-84957725794
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| 论文题名: | How to price carbon in good times ... and bad! |
| 作者: | Doda B
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| 刊名: | Wiley Interdisciplinary Reviews: Climate Change
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| ISSN: | 17577780
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| 出版年: | 2016
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| 卷: | 7, 期:1 | | 起始页码: | 135
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| 结束页码: | 144
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| 语种: | 英语
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| 英文关键词: | Climate change
; Commerce
; Costs
; Economic and social effects
; Emission control
; Public policy
; Taxation
; Academic literature
; Business cycles
; Carbon pricing
; Carbon taxes
; Economic expansion
; Emissions trading system
; Policy instruments
; Political economy
; Economics
; business cycle
; emissions trading
; pollution policy
; pollution tax
; trade-off
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| 英文摘要: | Emissions trading systems and carbon taxes are two market-based policy instruments for responding to the climate change externality. This article focuses on the relationship between the design of these carbon pricing instruments and business cycle fluctuations. In particular, whether and how these instruments should respond to business cycles is a topical policy question. To answer it, the article brings together the relevant empirical and theoretical results from the academic literature. It finds that building responsiveness into the design of carbon pricing instruments can reduce the burden of regulation by distributing it more evenly over time. Specifically, relative to a fixed cap emissions trading system, this can be achieved by relaxing the cap during economic expansions and tightening it during recessions. Similarly, a carbon tax regime in which the tax is higher during expansions, and lower during recessions, is likely to improve welfare compared to a cyclically unresponsive tax. In practice, a mechanism which renders real-world carbon pricing instruments responsive is challenging to construct. The article provides an overview of the trade-offs involved by focusing on the broad classes of mechanisms explored in the literature. The choice of responsiveness-inducing mechanism must crucially consider country characteristics such as the properties of fluctuations in the country's GDP and emissions, any relevant political economy concerns and its institutional background. © 2016 Wiley Periodicals, Inc. |
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| 资源类型: | 期刊论文
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| 标识符: | http://119.78.100.158/handle/2HF3EXSE/76245
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| Appears in Collections: | 影响、适应和脆弱性
气候变化与战略
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作者单位: | Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, London, United Kingdom
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| Recommended Citation: | |
Doda B. How to price carbon in good times ... and bad![J]. Wiley Interdisciplinary Reviews: Climate Change,2016-01-01,7(1)
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