Erschienen in:Global Energy Policy Center Research Paper ; No. 09-01
Umfang:
1 Online-Ressource (10 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.1317507
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 2, 2009 erstellt
Beschreibung:
Cap-and-trade and carbon-tax policies generate streams of tax revenue or of valuable allowances, which represent the value of using the atmosphere for storing carbon emissions. The common ownership of the atmospheric commons suggests equal ownership of the value stream it provides. If equal ownership is granted, governmental appropriation of carbon revenues becomes an equal-dollar-per-person (capitation) tax. The social norm against capitation taxes allows comparison of carbon-tax and cap-and-trade policies with their quot;equitablequot; counterparts that mimic equal ownership. Both the quot;green employment tax swapquot; proposed by Gilbert E. Metcalf and the U.S. cap-and-trade system proposed by Robert N. Stavins are found to compare unfavorably with equitable policies