All pages with keywords: revenue recycling

Pricing carbon during the economic recovery from the COVID-19 pandemic

a policy publication by Josh Burke, Sam Fankhauser, Alex Bowen 15 May, 2020

This brief argues that once the immediate rescue has been secured and countries move towards recovery from COVID-19, carefully implementing carbon pricing while reducing fossil fuel subsidies should be at the core of any stimulus package. read more »

Carbon pricing can support the COVID-19 recovery by boosting consumption and investment and softening the hit on fiscal deficits

Press release 15 May, 2020

Careful implementation of carbon pricing with reductions in fossil fuel subsidies can raise revenues to support the COVID-19 recovery and make society less vulnerable to future climate, ecological or public … read more »

New reports find that a well-designed carbon tax could leave low-income households better off and drive the transition to a net-zero economy

Press release 9 March, 2020

The UK government should consider a broader-based carbon tax that is distributionally fair and consistent with net-zero greenhouse gas emissions as the current economic framework for decarbonisation in the UK … read more »

Distributional impacts of a carbon tax in the UK

a policy publication by Josh Burke, Sam Fankhauser, Alex Kazaglis, Louise Kessler, Naina Khandelwal, Peter O’Boyle, Anne Owen 9 March, 2020

This study explores the distributional impacts of a net-zero-consistent carbon price across different household types and income deciles in the UK; and examines which combination of interventions may reduce carbon consumption and still be progressive. The authors find that it is possible to design a revenue recycling scheme that leaves fuel-poor and low-income households better off while driving the transition to net-zero emissions in the UK by 2050. read more »

The global consumer incidence of carbon pricing: evidence from trade

The global consumer incidence of carbon pricing: evidence from trade

a working paper by Lutz Sager 4 April, 2019

This paper estimates the global distribution of the costs to consumers from carbon pricing, finding that some policies may be considered regressive for their burden on poorer consumers – but that the benefits from mitigating climate change may weaken or reverse the regressive effect. read more »