{"title":"Five myths about carbon pricing","authors":"Gilbert E Metcalf","doi":"10.1093/oxrep/grad042","DOIUrl":null,"url":null,"abstract":"While carbon pricing, in general, and carbon taxes, in particular, are popular with economists, they are subject to considerable misunderstanding among policy-makers and the public. In this paper I consider and refute five myths about carnbon taxes: (i) that a carbon price will hurt economic growth; (ii) that carbon pricing will kill jobs; (iii) that a carbon tax and cap-and-trade programme have the same economic impacts; (iv) that we can’t achieve carbon reduction targets with a carbon tax; and (v) that carbon pricing is regressive. I then discuss implications for policy-making.","PeriodicalId":48024,"journal":{"name":"Oxford Review of Economic Policy","volume":"187 1","pages":""},"PeriodicalIF":2.1000,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Oxford Review of Economic Policy","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1093/oxrep/grad042","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
While carbon pricing, in general, and carbon taxes, in particular, are popular with economists, they are subject to considerable misunderstanding among policy-makers and the public. In this paper I consider and refute five myths about carnbon taxes: (i) that a carbon price will hurt economic growth; (ii) that carbon pricing will kill jobs; (iii) that a carbon tax and cap-and-trade programme have the same economic impacts; (iv) that we can’t achieve carbon reduction targets with a carbon tax; and (v) that carbon pricing is regressive. I then discuss implications for policy-making.
期刊介绍:
The Oxford Review of Economic Policy is a refereed journal which is published quarterly. Each issue concentrates on a current theme in economic policy, with a balance between macro- and microeconomics, and comprises an assessment and a number of articles. It gives a valuable appraisal of economic policies worldwide. While the analysis is challenging and at the forefront of current thinking, articles are presented in non-technical language to make them readily accessible to all readers. The Oxford Review is aimed at a wide audience including government, business and policy-makers, as well as academics and students. It is required reading for those who need to know where research is leading.