Coordinating Climate and Trade Policies : : Pareto Efficiency and the Role of Border Tax Adjustments / / Michael Keen, Christos Kotsogiannis

• Record Nr.: UNINA9910969824203321
• Autore: Keen Michael
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2012
• ISBN: 9781475514858; 1475514859; 9781475520460; 1475520468
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (27 p.)
• Collana: IMF Working Papers
• Altri autori (Persone): KotsogiannisChristos
• Disciplina: 332.1532
• Soggetti: Climatic changes - Government policy; Commercial policy - Environmental aspects; Taxation - Environmental aspects; Business Taxes and Subsidies; Carbon tax; Climate policy; Emissions trading; Environment; Environmental Economics; Environmental economics; Environmental Economics: General; Environmental Economics: Government Policy; Environmental impact charges; Environmental policy & protocols; Environmental Policy; Environmental policy; Environmental Taxes and Subsidies; International Trade Organizations; Public finance & taxation; Redistributive Effects; Spendings tax; Tariff; Tariffs; Taxation and Subsidies: Externalities; Taxation; Taxation, Subsidies, and Revenue: General; Taxes; Trade and Environment; Trade Policy; Value-added tax; United States
• 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. 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.