1.

Record Nr.

UNINA9910452484403321

Autore

Keen Michael

Titolo

Coordinating climate and trade policies [[electronic resource] ] : Pareto efficiency and the role of border tax adjustments / / prepared  by Michael Keen and Christos Kotsogiannis

Pubbl/distr/stampa

Washington, D.C., : International Monetary Fund, c2012

ISBN

1-4755-1485-9

1-4755-2046-8

Descrizione fisica

1 online resource (27 p.)

Collana

IMF working paper ; ; WP/12/289

Altri autori (Persone)

KotsogiannisChristos

Soggetti

Climatic changes - Government policy

Commercial policy - Environmental aspects

Taxation - Environmental aspects

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; Contents; I. Introduction; II. Modeling Climate and Trade Policies; III. The Benchmark: Unconstrained Carbon Tax and Tariff Policies; IV. Pareto Efficiency and the Role of Border Tax Adjustments; A. Border Tax Adjustments in the Absence of Distributional Concerns; B. Border Tax Adjustments in the General Case; V. Further Discussion; A. Comparison with Non-cooperative Policies; B. Border Tax Adjustment and Cap-and-Trade; VI. Concluding Remarks; Appendices; A. Necessary Conditions for Pareto Efficiency; B. Proof of Proposition 1; C. Proof of Proposition 2; D. Proof of Proposition 5

References

Sommario/riassunto

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 discusions