Environmental Taxes and Economic Welfare
Subtitle: Reducing Carbon Dioxide Emissions (New Horizons in Environmental Economics)
Publisher: Edward Elgar Publishing
Published: July 1997
Language: eng
Format: Hardcover
Number of pages: 152
ISBN-13: 9781858986227
Subjects: Applied ecology; Conservation of the environment; Environmental Economics; Pollution & threats to the environment; Taxation; Business & Economics; Business / Economics / Finance; Business/Economics; Public Finance; Economics - General; Australia; Economic aspects; Environmental Policy; Environmental impact charges; Income distribution
Description: This important new book examines economic policies required to reduce carbon dioxide emissions - a major source of pollution throughout the world. It explores the likely impact of environmental taxes on income distribution and economic welfare.

The authors consider a tax on domestic fuel and power and a carbon tax, and the likely adverse distribution effects of these on a population. The analysis allows for the direct and indirect effects (through inter-industry transactions) of taxes on prices and consumers' responses to these price changes. The welfare effects are also estimated for a variety of income groups.

The authors then evaluate the inequality and social welfare measures and consider whether the distributional effects can be overcome by adjusting transfer payments to compensate lower-income groups. This study examines environmental taxes in Australia with methods which can be applied to other countries. Some of the methods were specifically designed to overcome data limitation problems.

Environmental Taxes and Economic Welfare will be of special interest to researchers, academics, policy makers and advisers on taxation and environmental policy.