05686oam 22012974 450 991082340600332120200520144314.01-4755-1485-91-4755-2046-8(CKB)2550000001041570(EBL)1607098(SSID)ssj0000946243(PQKBManifestationID)11515562(PQKBTitleCode)TC0000946243(PQKBWorkID)10893405(PQKB)10295955(Au-PeEL)EBL1607098(CaPaEBR)ebr10661261(OCoLC)870245113(IMF)WPIEE2012289(IMF)WPIEA2012289(MiAaPQ)EBC1607098(EXLCZ)99255000000104157020020129d2012 uf 0engur|n|---|||||txtccrCoordinating Climate and Trade Policies : Pareto Efficiency and the Role of Border Tax Adjustments /Michael Keen, Christos Kotsogiannis1st ed.Washington, 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 aspectsBusiness Taxes and SubsidiesimfCarbon taximfClimate policyimfEmissions tradingimfEnvironmentimfEnvironmental EconomicsimfEnvironmental economicsimfEnvironmental Economics: GeneralimfEnvironmental Economics: Government PolicyimfEnvironmental impact chargesimfEnvironmental policy & protocolsimfEnvironmental PolicyimfEnvironmental policyimfEnvironmental Taxes and SubsidiesimfInternational Trade OrganizationsimfPublic finance & taxationimfRedistributive EffectsimfSpendings taximfTariffimfTariffsimfTaxation and Subsidies: ExternalitiesimfTaxationimfTaxation, Subsidies, and Revenue: GeneralimfTaxesimfTrade and EnvironmentimfTrade PolicyimfValue-added taximfUnited StatesimfClimatic changesGovernment policy.Commercial policyEnvironmental aspects.TaxationEnvironmental aspects.Business Taxes and SubsidiesCarbon taxClimate policyEmissions tradingEnvironmentEnvironmental EconomicsEnvironmental economicsEnvironmental Economics: GeneralEnvironmental Economics: Government PolicyEnvironmental impact chargesEnvironmental policy & protocolsEnvironmental PolicyEnvironmental policyEnvironmental Taxes and SubsidiesInternational Trade OrganizationsPublic finance & taxationRedistributive EffectsSpendings taxTariffTariffsTaxation and Subsidies: ExternalitiesTaxationTaxation, Subsidies, and Revenue: GeneralTaxesTrade and EnvironmentTrade PolicyValue-added tax332.1532Keen Michael125941Kotsogiannis Christos1658103DcWaIMFBOOK9910823406003321Coordinating Climate and Trade Policies4011911UNINA