Environmental Fiscal Challenges for Cities and Transport
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Environmental Fiscal Challenges for Cities and Transport

Edited by Marta Villar Ezcurra, Janet E. Milne, Hope Ashiabor and Mikael Skou Andersen

As populations become increasingly concentrated in urban centres and mega cities, while demands on transportation continue to grow, the question of how to mitigate the environmental footprint of these trends is ever more pressing. This comprehensive book demonstrates the potentially significant role of environmental taxation and other market-based instruments in meeting these challenges.
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Chapter 15: Designing carbon taxes: economic and legal considerations

Claudia Kettner, Daniela Kletzan-Slamanig, Stefan E. Weishaar and Irene J.J. Burgers


Economic literature generally favours market-based instruments for regulating environmental externalities, since they ensure compliance at the least cost to society. With the focus shifting to carbon dioxide after the adoption of the Kyoto Protocol in 1997, emission taxes have increasingly been introduced. This chapter reviews the theoretical economic and legal literature on energy and emission taxes. From an economic perspective, the focus is on theoretical recommendations regarding the optimal design of environmental/carbon taxes, their performance relative to other instruments and the concept of a double dividend. The survey of the legal literature concludes that many different aspects must be considered in designing a carbon tax, regarding both the types of legal instruments to be used and their actual design. This overview of economic and legal aspects may help to create an effective and efficient regulatory system for achieving long-term emission reductions.

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