Global Carbon Tax

Armon Rezai, Frederick van der Ploeg

Publikation: Populärwissenschaftliche Artikel (z.B. Magazine)Populärwissenschaftlicher Artikel


The failure of markets to price carbon emissions appropriately leads to excessive fuel use and induces global warming. This column suggests a new, back-of-the-envelope rule for calculating the global carbon price. The authors find that fighting global warming requires a price of around $15 per ton of emitted CO2, or $0.13 per gallon of gasoline. The rule also highlights the importance of economic indicators, such as GDP, for climate policy.
OriginalspracheDeutsch (Österreich)
ZeitschriftVOX CEPR's Policy Portal
PublikationsstatusVeröffentlicht - 15 Jan. 2015