Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171505
Authors: 
Gersbach, Hans
Year of Publication: 
2007
Series/Report no.: 
Economics Working Paper Series 07/62
Abstract: 
We propose a global refunding scheme as a new international approach to addressing climate change. A global refunding system allows each country to set its carbon emission tax, while aggregate tax revenues are partially refunded to member countries in proportion to the relative emissions reduction they achieve within a period. Nationally determined environmental policies and global refunding create increasing incentives to reduce emissions and may achieve e±ciency and equity objectives of global climate policy.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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