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Coordinating climate and trade policies : Pareto efficiency and the role of border tax adjustments /
This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether some form of border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country distribut...
| Cote: | Libro Electrónico |
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| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Collection: | IMF working paper ;
WP/12/289. |
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| Accès en ligne: | Texto completo |
| Résumé: | This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether some form of border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country distributional concerns that can make non-uniform carbon pricing efficient and, more particularly, that Pareto-efficiency requires a form of BTA when carbon taxes in some countries are constrained, a special case being identified in which this has the simple structure envisaged in practical policy discussions. It also stresses--a point that has been overlooked in the policy debate--that the efficiency case for BTA depends critically on whether climate policies are pursued by carbon taxation or by cap-and-trade. |
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| Description: | Title from PDF title page (IMF Web site, viewed Dec. 18, 2012). "Fiscal Affairs Department." "December 2012." |
| Description matérielle: | 1 online resource (26 pages). |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1475560362 9781475560367 1475514859 9781475514858 1475520468 9781475520460 |