Environmental Taxation in China and Asia-Pacific
Show Less

Environmental Taxation in China and Asia-Pacific Achieving Environmental Sustainability through Fiscal Policy

Achieving Environmental Sustainability through Fiscal Policy

  • Critical Issues in Environmental Taxation series

Edited by Larry Kreiser, Julsuchada Sirisom, Hope Ashiabor and Janet E. Milne

Environmental Taxation in China and Asia-Pacific contains an integrated set of detailed chapters providing insights and analysis on how fiscal policy can be used to achieve environmental sustainability. Highly topical chapters include energy tax policy in China, environmental fiscal reform, carbon tax policy in northeast Asia and environmental taxation strategies in China, Asia and Australia, as well as many other relevant topics.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 7: Carbon Tax Policy Progress in North-east Asia

Xianbing Liu, Kazunori Ogisu, Sunhee Suk and Tomohiro Shishime

Extract

JOBNAME: Kreiser IX PAGE: 1 SESS: 29 OUTPUT: Wed Aug 24 14:42:29 2011 7. Carbon tax policy progress in north-east Asia Xianbing Liu, Kazunori Ogisu, Sunhee Suk and Tomohiro Shishime 1. INTRODUCTION Both carbon tax policy and cap and trade schemes aim to discourage the use of fossil fuels by making carbon emissions more costly. Many economists support a carbon tax due to its advantages over an emissions trading scheme (ETS). Carbon tax can be levied upon carbon emissions from all sectors while an ETS requires accurate monitoring of emissions, and thus is only applicable to large emitters. Fair allocation of carbon credits is almost impossible in an ETS. Uncertain carbon prices in an ETS cause companies to become myopic and thereby discourage their reduction efforts. Conversely, a fixed carbon tax rate is more straightforward for companies and allows them to make decisions for the medium and long term. Additionally, it is easier to minimize the number of losers by using carbon tax revenues, either to reduce other taxes or to lower the burden on energy-intensive sectors. Recently, several famous economists have even argued that an international carbon tax is systematically better and could be agreed upon more easily as a post-Kyoto scheme than a global cap and trade scheme (e.g. Mankiw, 2007). Carbon tax was first introduced in Finland in 1990 and then levied in some other European countries, such as Sweden, Norway, the Netherlands and Denmark. Although obvious differences were found between the carbon tax policies...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.


Further information

or login to access all content.