Economic effects of using carbon taxes to reduce carbon dioxide emissions in major OECD countries. Final report
Technical Report
·
OSTI ID:5493162
A tax on fossil fuels designed to obtain a 20 percent reduction in emissions of carbon dioxide by the year 2020 would lower output among major OECD nations by 1 to 3 1/2 percent. The tax required to achieve a 20% reduction in emissions of carbon dioxide by 2020 ranged from $489.4 (Sweden) per metric ton of carbon to $2,427.9 (Japan) per ton of carbon. The tax required for the U.S. was $720.6 per ton. In the U.S., a tax per $100 per ton of carbon would equate to a tax of $70.68 per short ton of coal, $11.42 per barrel of oil, $1.66 per MCF of natural gas and 0.27 per gallon of gasoline. The study is part of a multi-phase effort to gauge the economic consequences of various measures being discussed by the international community to mitigate the possibility of global climate change by limiting emissions of carbon dioxide from fossil fuel use. The study assumed that the carbon tax program would be revenue neutral in that increased revenues from the carbon tax would be offset by reductions in personal income taxes.
- Research Organization:
- Data Resources, Inc./McGraw Hill, Lexington, MA (United States)
- OSTI ID:
- 5493162
- Report Number(s):
- PB-92-127562/XAB
- Country of Publication:
- United States
- Language:
- English
Similar Records
H. R. 1086: A Bill to amend the Internal Revenue code of 1986 to reduce emissions of carbon dioxide by imposing a tax on certain fuels based on their carbon content, introduced in the House of Representatives, One Hundred Second Congress, First Session, February 21, 1991
H. R. 4805: Internal Revenue Code of 1990. Introduced in the House of Representatives, One Hundredth First Congress, Second Session, May 10, 1990
The potential role of a carbon tax in U.S. fiscal reform
Book
·
Mon Dec 31 23:00:00 EST 1990
·
OSTI ID:5077779
H. R. 4805: Internal Revenue Code of 1990. Introduced in the House of Representatives, One Hundredth First Congress, Second Session, May 10, 1990
Book
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Sun Dec 31 23:00:00 EST 1989
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OSTI ID:5930255
The potential role of a carbon tax in U.S. fiscal reform
Miscellaneous
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Tue Jul 24 00:00:00 EDT 2012
·
OSTI ID:22110334
Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290301 -- Energy Planning & Policy-- Environment
Health
& Safety-- Regional & Global Environmental Aspects-- (1992-)
54 ENVIRONMENTAL SCIENCES
540120* -- Environment
Atmospheric-- Chemicals Monitoring & Transport-- (1990-)
AIR POLLUTION
AIR POLLUTION ABATEMENT
AIR POLLUTION CONTROL
CARBON COMPOUNDS
CARBON DIOXIDE
CARBON OXIDES
CHALCOGENIDES
CLIMATIC CHANGE
COMBUSTION PRODUCTS
CONTROL
COOPERATION
ECONOMIC IMPACT
ENERGY SOURCES
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INTERNATIONAL COOPERATION
INTERNATIONAL ORGANIZATIONS
OECD
OXIDES
OXYGEN COMPOUNDS
POLLUTION
POLLUTION ABATEMENT
POLLUTION CONTROL
TAXES
290301 -- Energy Planning & Policy-- Environment
Health
& Safety-- Regional & Global Environmental Aspects-- (1992-)
54 ENVIRONMENTAL SCIENCES
540120* -- Environment
Atmospheric-- Chemicals Monitoring & Transport-- (1990-)
AIR POLLUTION
AIR POLLUTION ABATEMENT
AIR POLLUTION CONTROL
CARBON COMPOUNDS
CARBON DIOXIDE
CARBON OXIDES
CHALCOGENIDES
CLIMATIC CHANGE
COMBUSTION PRODUCTS
CONTROL
COOPERATION
ECONOMIC IMPACT
ENERGY SOURCES
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INTERNATIONAL COOPERATION
INTERNATIONAL ORGANIZATIONS
OECD
OXIDES
OXYGEN COMPOUNDS
POLLUTION
POLLUTION ABATEMENT
POLLUTION CONTROL
TAXES