Arbeitspapier
Climate change and carbon tax expectations
If investors fear that future carbon taxes will be lower than currently announced by policy makers, long-run investments in green-house gas mitigation may be smaller than desirable. On the other hand, owners of a non-renewable carbon resource that underestimate future carbon taxes will postpone extraction compared with what they would have chosen had the policymakers been able to commit to the optimal tax path. If extraction costs rise rapidly as accumulated extraction rises, near-term emissions increase as a consequence of a downward bias in the expected future carbon taxes. Whether investments in greenhouse gas mitigation go up or down due to the expectation error depends on the time profile of the returns to the investment.
- Sprache
-
Englisch
- Erschienen in
-
Series: Memorandum ; No. 2010,04
- Klassifikation
-
Wirtschaft
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Nonrenewable Resources and Conservation: General
Alternative Energy Sources
Climate; Natural Disasters and Their Management; Global Warming
- Thema
-
Climate change
exhaustible resources
carbon tax
Klimaveränderung
Ökosteuer
Optimale Besteuerung
Fossiler Energieträger
Kohlendioxid
Treibhausgas
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hoel, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Oslo, Department of Economics
- (wo)
-
Oslo
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hoel, Michael
- University of Oslo, Department of Economics
Entstanden
- 2010
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