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- W1500327542 abstract "In this paper we present the case for using a carbon tax to control CO2 emissions, and illustrate the implications for the UK manufacturing sector using a vintage model of energy demand. We show that tax rates are very sensitive to assumptions about economic growth and the target to be achieved for emissions reduction. We also compute the economic cost of reducing CO2 emissions and show that, for a target date of 2010, these are rather modest, and do not display any critical level of reductions at which costs escalate sharply. However, costs do rise dramatically if we try to achieve the same cumulative reduction in emissions but delay taking any action till 1995 or 2000. The use of a vintage model is important for deriving these conclusions." @default.
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- W1500327542 date "1991-03-01" @default.
- W1500327542 modified "2023-09-27" @default.
- W1500327542 title "Market-based instruments for reducing CO2 emissions" @default.
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- W1500327542 doi "https://doi.org/10.1016/0301-4215(91)90129-c" @default.
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