0 a tax on the use of fuels that produce gases that harm the atmosphere (= the mixture of gases around the earth)
1 a tax on the use of fossil fuels or on activities that cause carbon dioxide to be released, harming the environment:
Two carbon tax scenarios are compared with the base case.
For a 10 per cent reduction in every period, a unit carbon tax of 18 to 20 yuan per ton is required.
Investing carbon tax revenues in carbon-abating technologies can give substantial carbon savings.
Holding regional real government and corporate savings constant, additional carbon tax revenue is distributed back to households.
On the other hand, the choice of substitution elasticities among productive inputs and the rule used for redistributing carbon tax revenue do influence the results.
The results show that a carbon tax would have limited effectiveness in controlling carbon emissions.
We examine the impact of a carbon tax on carbon emissions and growth in the economy.
The above expressions show that the economic welfare of country 2 will be adversely affected by the carbon tax.
