Quotation Rezai, Armon, van der Ploeg, Frederick. 2015. Global Carbon Tax. VOX CEPR's Policy Portal, 15.01.


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Abstract

The failure of markets to price carbon emissions appropriately leads to excessive fuel use and induces global warming. This column suggests a new, back-of-the-envelope rule for calculating the global carbon price. The authors find that fighting global warming requires a price of around $15 per ton of emitted CO2, or $0.13 per gallon of gasoline. The rule also highlights the importance of economic indicators, such as GDP, for climate policy.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Magazine/newspaper article
Language German
Title Global Carbon Tax
Title of journal VOX CEPR's Policy Portal
Year 2015
Date Jan. 15, 2015
URL http://voxeu.org/article/global-carbon-taxation

Associations

People
Rezai, Armon (Details)
External
van der Ploeg, Frederick (Oxford University, United Kingdom)
Organization
Institute for Ecological Economics IN (Details)
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