03215nam 2200625Ia 450 991045248440332120200520144314.01-4755-1485-91-4755-2046-8(CKB)2550000001041570(EBL)1607098(SSID)ssj0000946243(PQKBManifestationID)11515562(PQKBTitleCode)TC0000946243(PQKBWorkID)10893405(PQKB)10295955(MiAaPQ)EBC1607098(Au-PeEL)EBL1607098(CaPaEBR)ebr10661261(OCoLC)870245113(EXLCZ)99255000000104157020121218d2012 uy 0engur|n|---|||||txtccrCoordinating climate and trade policies[electronic resource] Pareto efficiency and the role of border tax adjustments /prepared by Michael Keen and Christos KotsogiannisWashington, D.C. International Monetary Fundc20121 online resource (27 p.)IMF working paper ;WP/12/289Description based upon print version of record.1-4755-6036-2 1-4755-5294-7 Includes bibliographical references.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 5ReferencesThis 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 discusionsIMF Working PapersClimatic changesGovernment policyCommercial policyEnvironmental aspectsTaxationEnvironmental aspectsElectronic books.Climatic changesGovernment policy.Commercial policyEnvironmental aspects.TaxationEnvironmental aspects.Keen Michael125941Kotsogiannis Christos875622MiAaPQMiAaPQMiAaPQBOOK9910452484403321Coordinating climate and trade policies1955060UNINA