MARC Record from Library of Congress

LEADER: 02013cam a22002777a 4500
001 2009655963
003 DLC
005 20090828093957.0
007 cr |||||||||||
008 090609s2009 mau sb 000 0 eng
010 $a 2009655963
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aMetcalf, Gilbert E.
245 10 $aTax policies for low-carbon technologies$h[electronic resource] /$cGilbert E. Metcalf.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2009.
490 1 $aNBER working paper series ;$vworking paper 15054
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 6/9/2009.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"The U.S. tax code provides a number of subsidies for low-carbon technologies. I discuss the difficulties of achieving key policy goals with subsidies as opposed to using taxes to raise the price of pollution-related activities. In particular, subsidies lower the cost of energy (on average) rather than raising it. Thus consumer demand responses work at cross purposes to the goal of reducing emissions (especially as average cost pricing is used for electricity). Second, it is difficult to achieve technology neutrality with subsidies -- here defined as an equal subsidy cost per ton of CO2 avoided. Third, many subsidies are inframarginal. Finally, subsidies often suffer from unintended interactions with other policies.I conclude with some observations on the use of price-based instruments. In particular I discuss how a carbon tax could be designed to achieve environmental goals of emission caps over a control period"--National Bureau of Economic Research web site.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 15054.
856 40 $uhttp://papers.nber.org/papers/w15054