05641oam 22012734 450 991077964130332120230802010317.01-4755-1485-91-4755-2046-8(CKB)2550000001041570(EBL)1607098(SSID)ssj0000946243(PQKBManifestationID)11515562(PQKBTitleCode)TC0000946243(PQKBWorkID)10893405(PQKB)10295955(MiAaPQ)EBC1607098(Au-PeEL)EBL1607098(CaPaEBR)ebr10661261(OCoLC)870245113(IMF)WPIEE2012289(IMF)WPIEA2012289(EXLCZ)99255000000104157020020129d2012 uf 0engur|n|---|||||txtccrCoordinating Climate and Trade Policies : Pareto Efficiency and the Role of Border Tax Adjustments /Michael Keen, Christos KotsogiannisWashington, D.C. :International Monetary Fund,2012.1 online resource (27 p.)IMF Working PapersDescription 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 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.IMF Working Papers; Working Paper ;No. 2012/289Climatic changesGovernment policyCommercial policyEnvironmental aspectsTaxationEnvironmental aspectsTaxationimfEnvironmental EconomicsimfEnvironmental PolicyimfTaxation, Subsidies, and Revenue: GeneralimfTrade and EnvironmentimfTaxation and Subsidies: ExternalitiesimfRedistributive EffectsimfEnvironmental Taxes and SubsidiesimfTrade PolicyimfInternational Trade OrganizationsimfBusiness Taxes and SubsidiesimfEnvironmental Economics: GeneralimfEnvironmental Economics: Government PolicyimfPublic finance & taxationimfEnvironmental economicsimfEnvironmental policy & protocolsimfCarbon taximfTariffsimfValue-added taximfEmissions tradingimfClimate policyimfTaxesimfEnvironmentimfEnvironmental impact chargesimfTariffimfSpendings taximfEnvironmental policyimfUnited StatesimfClimatic changesGovernment policy.Commercial policyEnvironmental aspects.TaxationEnvironmental aspects.TaxationEnvironmental EconomicsEnvironmental PolicyTaxation, Subsidies, and Revenue: GeneralTrade and EnvironmentTaxation and Subsidies: ExternalitiesRedistributive EffectsEnvironmental Taxes and SubsidiesTrade PolicyInternational Trade OrganizationsBusiness Taxes and SubsidiesEnvironmental Economics: GeneralEnvironmental Economics: Government PolicyPublic finance & taxationEnvironmental economicsEnvironmental policy & protocolsCarbon taxTariffsValue-added taxEmissions tradingClimate policyTaxesEnvironmentEnvironmental impact chargesTariffSpendings taxEnvironmental policyKeen Michael125941Kotsogiannis Christos1476602DcWaIMFBOOK9910779641303321Coordinating Climate and Trade Policies3691344UNINA