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What is the role of carbon taxes in climate change mitigation (English)

This note argues that a carbon tax system is more practical to implement, monitor, and enforce than tradable permit-based approaches to global climate-change action. It suggests that a sensible design will be an upstream carbon tax on the fossil fuel supply chain, which can also include other major non-carbon dioxide (CO2) greenhouse gases (GHGs). While risks such as fiscal cushioning exist, a tax-based system will be more transparent and offer the appropriate incentives for participation and compliance.

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Citation

Aldy, Joseph Ley,Eduardo Parry,Ian W.H.

What is the role of carbon taxes in climate change mitigation (English). PREM notes ; no. 2. Special series on the economics of climate change Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/214261468325275914/What-is-the-role-of-carbon-taxes-in-climate-change-mitigation