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Full-Text Articles in Law
Climate Policy Coherence And Border Adjustment Regulation: Clarifying The Debate, Donald Feaver, Benedict Sheehy
Climate Policy Coherence And Border Adjustment Regulation: Clarifying The Debate, Donald Feaver, Benedict Sheehy
Benedict Sheehy
Abstract: A vigorous debate surrounding the use of border adjustments as trade-related policy mechanisms to compliment national climate change policies has intensified in recent times. The debate highlights how border adjustments are not particularly well suited to respond to trade related frictions arising because of the diversity of commitments being made by countries to reduce carbon emissions. While ideally, “the greater the degree of international agreement on climate change policies, the less potential friction there should be with trade policies” this more complex challenge of harmonizing national climate policies is unlikely to occur anytime soon. In the absence of a …
A Prediction Market For Climate Outcomes, Shi-Ling Hsu
A Prediction Market For Climate Outcomes, Shi-Ling Hsu
Shi-Ling Hsu
This article proposes a way of introducing some organization and tractability in climate science, generating more widely credible evaluations of climate science, and imposing some discipline on the processing and interpretation of climate information. I propose a two-part policy instrument consisting of (1) a carbon tax that is indexed to a "basket" of climate outcomes, and (2) nested inside this carbon tax, a cap-and-trade system of emissions permits that can be redeemed in lieu of paying the carbon tax. The amount of the carbon tax in this proposal would be set each year on the basis of some objective, non-manipulable …
A Prediction Market For Climate Outcomes, Shi-Ling Hsu
A Prediction Market For Climate Outcomes, Shi-Ling Hsu
Scholarly Publications
This Article proposes a way of introducing some organization and tractability in climate science, generating more widely credible evaluations of climate science, and imposing some discipline on the processing and interpretation of climate information. I propose a two-part policy instrument consisting of (1) a carbon tax that is indexed to a “basket” of climate outcomes, and (2) a cap-and-trade system of emissions permits that can be redeemed in the future in lieu of paying the carbon tax. The amount of the carbon tax in this proposal (per ton of CO2) would be set each year on the basis of some …
Taxation As Regulation: Carbon Tax, Health Care Tax, Bank Tax And Other Regulatory Taxes, Reuven S. Avi-Yonah
Taxation As Regulation: Carbon Tax, Health Care Tax, Bank Tax And Other Regulatory Taxes, Reuven S. Avi-Yonah
Articles
This paper addresses three questions: 1. Is regulation a legitimate goal for taxation? 2. Which tax is best suited for regulation? 3. Would it be better to allocate just one goal per tax among the major taxes (individual and corporate income tax and VAT)? It then analyzes the proposed bank tax and the enacted health care tax as regulatory taxes, and concludes that the first is desirable (as is a carbon tax) but the second is not.