search query: @author Ulph, A. / total: 10
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| Author: | Ingham, A. Ulph, A. |
| Title: | Market-based instruments for reducing CO2 emissions: the case of UK manufacturing. |
| Journal: | Energy Policy
1991 : MAR, VOL. 19:2, p. 138-148 |
| Index terms: | POLLUTION CONTROL MANUFACTURING INDUSTRY MODELS |
| Language: | eng |
| Abstract: | The main purpose of the paper is to argue that there are strong grounds for preferring the use of a carbon tax to control CO2 emissions. The empirical implications of such a policy for the UK manufacturing sector are explored by using a vintage model of factor demands /including fossil fuels/. It is shown that tax rates are very sensitive to assumptions about economic growth and the target to be achieved for emissions reduction. For a target date of 2010, the costs of reducing CO2 emissions are rather modest, and do not display any critical level of reduction at which costs escalate sharply. However, costs rise sharply if the same cumulative reduction is to be achieved but taking any action is delayed till 1995 or 2000. |
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