Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
Cap And Dividend: How To Curb Global Warming While Protecting The Incomes Of American Families, James K. Boyce, Matthew Riddle
Cap And Dividend: How To Curb Global Warming While Protecting The Incomes Of American Families, James K. Boyce, Matthew Riddle
PERI Working Papers
This essay examines the distributional effects of a “cap-and-dividend” policy for reducing carbon emission in the United States: a policy that auc-tions carbon permits and rebates the revenue to the public on an equal per capita basis. The aim of the policy is to reduce U.S. emissions of carbon dioxide, the main pollutant causing global warming, while at the same time protect-ing the real incomes of middle-income and lower-income American families. The number of permits is set by a statutory cap on carbon emissions that gradually diminishes over time. The sale of carbon permits will generate very large revenues, posing …
An Eu Sky Trust: Distributional Analysis For Hungary, Viola Ferjentsik, Michael Ash
An Eu Sky Trust: Distributional Analysis For Hungary, Viola Ferjentsik, Michael Ash
PERI Working Papers
We analyze the effects of EU adoption of a Sky Trust (Barnes and Breslow 2003) on the income distribution of Hungary, a lower-middle income EU member. We use plausible parameters for an EU carbon charge and revenue recycling system, input-output data to track the effect of a carbon charge on commodity prices, and household consumption survey data to examine the effect on expenditure by decile. We find that the carbon-charge revenue collection is nearly flat with respect to income. Combined with Sky Trust revenue recycling, the net effect on income distribution is moderately progressive. For a Sky Trust structure that …