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Where is the carbon tax after thirty years of research ?

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  • Timilsina,Govinda R.

Abstract

This paper takes a dive into the deep literature on the carbon tax accumulated through active and continuous research over the past 30 years. It also presents the ongoing debate and implementation of the carbon tax in practice. The paper discusses the evolution of the carbon tax literature, classifying it by the issues investigated and methodology used for the investigation. It finds that the literature enlightens four key issues: (i) economic impacts, (ii) choices for revenue recycling, (iii) distributional implications, and (iv) competitiveness and border tax adjustment. Quantitative analysis, especially computable general equilibrium modeling, is the main method employed in the literature. The study shows that potential adverse economic impacts and competitiveness concerns are the main impediments to the introduction of the carbon tax. Extensive examinations of carbon tax issues at the global, regional, and country levels have led to innovative measures to address these concerns. While the carbon tax was mainly a subject of academic discussion until few years back, it has generated good attention for policy makers, particularly after the Paris Agreement on climate change, and is being considered as one of the main market instruments to address global climate change. Although several important issues related to the carbon tax have been well researched, its potential interactions with poverty and shared prosperity are yet to be investigated.

Suggested Citation

  • Timilsina,Govinda R., 2018. "Where is the carbon tax after thirty years of research ?," Policy Research Working Paper Series 8493, The World Bank.
    • Handle: RePEc:wbk:wbrwps:8493
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    File URL: https://documents.worldbank.org/curated/en/209041530236682559/pdf/WPS8493.pdf
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    Cited by:

    1. Yakut, Aykut Mert & de Bruin, Kelly, 2023. "The importance of having a more realistic welfare transfer determination rule: A CGE analysis for Ireland," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1310-1325.
    2. Janet J. McIntyre-Mills & Mphatheleni Makaulule & Patricia Lethole & E. Pitsoane & Akwasi Arko-Achemfuor & Rudolf Wirawan & Ida Widianingsih, 2023. "Ecocentric Living: A Way Forward Towards Zero Carbon: A Conversation about Indigenous Law and Leadership Based on Custodianship and Praxis," Systemic Practice and Action Research, Springer, vol. 36(2), pages 275-319, April.
    3. Bartosz Jóźwik & Antonina Gavryshkiv, 2022. "Wpływ podatku środowiskowego na emisję gazów cieplarnianych w państwach Grupy Wyszehradzkiej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 66-78.
    4. Maria Alice Moz-Christofoletti & Paula Carvalho Pereda, 2021. "Winners and losers: the distributional impact of a carbon tax in Brazil," Working Papers, Department of Economics 2021_08, University of São Paulo (FEA-USP).
    5. Oh, Hyungna & Lee, Jae Yoon & Jeong, Eunmi & Kim, Jee Young, 2023. "Simulated effects of carbon pricing on industrial sector energy use," Japan and the World Economy, Elsevier, vol. 68(C).
    6. Grottera, Carolina & Naspolini, Giovanna Ferrazzo & La Rovere, Emilio Lèbre & Schmitz Gonçalves, Daniel Neves & Nogueira, Tainan de Farias & Hebeda, Otto & Dubeux, Carolina Burle Schmidt & Goes, Georg, 2022. "Energy policy implications of carbon pricing scenarios for the Brazilian NDC implementation," Energy Policy, Elsevier, vol. 160(C).
    7. de Bruin, Kelly & Yakut, Aykut Mert, 2024. "Efficiency–equity trade-off in the Irish carbon tax: A CGE investigation of mixed revenue recycling schemes," Economic Modelling, Elsevier, vol. 134(C).
    8. William Wills & Emilio Lebre La Rovere & Carolina Grottera & Giovanna Ferrazzo Naspolini & Gaëlle Le Treut & F. Ghersi & Julien Lefèvre & Carolina Burle Schmidt Dubeux, 2022. "Economic and social effectiveness of carbon pricing schemes to meet Brazilian NDC targets," Post-Print hal-03500923, HAL.
    9. Carolina Grottera & Giovanna Ferrazzo Naspolini & Emilio Lèbre La Rovere & Daniel Neves Schmitz Gonçalves & Tainan de Farias Nogueira & Otto Hebeda & Carolina Burle Schmidt Dubeux & George Vasconcelos, 2022. "Energy policy implications of carbon pricing scenarios for the Brazilian NDC implementation," Post-Print hal-03791419, HAL.
    10. Lokuge, Nimanthika & Anders, Sven, 2022. "Carbon-Credit Systems in Agriculture: A Review of Literature," SPP Technical Papers, The School of Public Policy, University of Calgary, vol. 15(12), April.

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