MARKET FAILURE, GOVERNMENT FAILURE AND EXTERNALITIES IN CLIMATE CHANGE MITIGATION: THE CASE FOR A CARBON TAX

被引:46
作者
Andrew, Brian [1 ]
机构
[1] Charles Darwin Univ, Sch Law & Business, Darwin, NT 0909, Australia
关键词
greenhouse gas emissions; emissions trading schemes; market failures; government failure; externalities; carbon tax;
D O I
10.1002/pad.517
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
This article addresses possible approaches to solving the problem of climate change by reducing greenhouse gas emissions (GHGE). It considers some of the core science on climate change, leading to a discussion of market failure, government failure and externalities. The European Union's emissions trading scheme (ETS) is cited as an example of a failure in an environment of both market failure and government failure. The discussion then focuses on carbon costing and pricing, the design features of a carbon tax and the main advantages of a carbon tax over an ETS. Copyright (C) 2008 John Wiley & Sons, Ltd.
引用
收藏
页码:393 / 401
页数:9
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