Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107362
Authors: 
Parry, Ian
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 5128
Abstract: 
This paper first reviews the conceptual case for, and appropriate design of, fiscal policies to address major externalities associated with energy use—global warming, local air pollution, and various side effects (e.g., congestion) from motor vehicles. Techniques for (roughly) estimating the magnitude of these externalities, and corrective energy taxes, on a country-by-country basis are then described. The implications for reforming energy taxes, and the potential environmental, health, and fiscal benefits from reform, are then discussed. A theme of the paper is the critical role of finance ministries in administering tax reforms and ensuring efficient use of revenues.
Subjects: 
externalities
energy taxes
getting prices right
air pollution
global warming
JEL: 
H23
Q48
Q54
Q58
Document Type: 
Working Paper

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