The Grey Paradox: How fossil-fuel owners can benefit from carbon taxation

Journal of Environmental Economics and Management - Tập 87 - Trang 206-223 - 2018
Renaud Coulomb1, Fanny Henriet2
1The University of Melbourne, Department of Economics, Level 4, Faculty of Business and Economics Building 105, 111 Barry Street Carlton, VIC 3053, Australia
2Paris School of Economics-CNRS, PSE 48 bd Jourdan, 75014 Paris, France

Tài liệu tham khảo

Alberini, 2011, Residential consumption of gas and electricity in the U.S.: the role of prices and income, Energy Econ., 33, 870, 10.1016/j.eneco.2011.01.015 Alhajji, 2000, Opec and other commodity cartels: a comparison, Energy Policy, 28, 1151, 10.1016/S0301-4215(00)00095-1 Alley, 2003, Abrupt climate change, Science, 299, 2005, 10.1126/science.1081056 Amigues, 1998, On the optimal order of natural resource use when the capacity of the inexhaustible substitute is limited, J. Econ. Theory, 80, 153, 10.1006/jeth.1998.2399 Amigues, 2011, Optimal use of a polluting non renewable ressource generating both manageable and catastrophic damages, Ann. D.'Econ. Et De Stat., 107, 10.2307/41615496 Barnett, 2004, Will OPEC lose from the Kyoto protocol?, Energy Policy, 32, 2077, 10.1016/S0301-4215(03)00183-6 Bergstrom, 1982, On capturing oil rents with a national excise tax, Am. Econ. Rev., 72, 194 BGR, 2012. Energy resources 2012, Technical report, BGR, German Federal Institute for Geosciences and Natural Resources, Hannover, Germany. Brander, 1983, Rent-extracting tariffs and the management of exhaustible resources, Can. J. Econ., 16, 288, 10.2307/135002 Brons, 2008, A meta-analysis of the price elasticity of gasoline demand. a SUR approach, Energy Econ., 30, 2105, 10.1016/j.eneco.2007.08.004 Burnham, 2012, Life-cycle greenhouse gas emissions of shale gas, natural gas, coal, and petroleum, Environ. Sci. Technol., 46, 619, 10.1021/es201942m Chakravorty, 2006, A hotelling model with a ceiling on the stock of pollution, J. Econ. Dyn. Control, 30, 2875, 10.1016/j.jedc.2005.09.008 Chakravorty, 2008, Ordering the extraction of polluting nonrenewable resources, Am. Econ. Rev., 98, 1128, 10.1257/aer.98.3.1128 Chakravorty, 1997, Endogenous substitution among energy resources and global warming, J. Political Econ., 105, 1201, 10.1086/516390 EIA 2014. Annual Energy Outlook, US Energy Information Administration, Paris. Fischer, C. Salant, S.W., 2014. Limits to limiting greenhouse gases: Intertemporal leakage, spatial leakage, and negative leakage. Forster, 1980, Optimal energy use in a polluted environment, J. Environ. Econ. Manag., 7, 321, 10.1016/0095-0696(80)90025-X Gaudet, 2011, The efficient use of multiple sources of a nonrenewable resource under supply cost uncertainty, Int. Econ. Rev., 52, 245, 10.1111/j.1468-2354.2010.00627.x Gaudet, 2001, Intertemporal depletion of resource sites by spatially distributed users, Am. Econ. Rev., 91, 1149, 10.1257/aer.91.4.1149 Gerlagh, 2011, Too much oil, CESifo Econ. Stud., 57, 79, 10.1093/cesifo/ifq004 Heal, 1976, The relationship between price and extraction cost for a resource with a backstop technology, Bell J. Econ., 7, 371, 10.2307/3003262 Heath, 2014, Harmonization of initial estimates of shale gas life cycle greenhouse gas emissions for electricity generation, Proc. Natl. Acad. Sci. USA, 111, 3167, 10.1073/pnas.1309334111 Herfindahl O.C., 1967. Depletion and economic theory, In: Gaffney Mason, (Ed), Extractive Resources and Taxation, 1967, University of Wisconsin Press, Madison, Wisconsin, USA, 63–90 Hoel, 2011, The supply side of CO2 with country heterogeneity, Scand. J. Econ., 113, 846, 10.1111/j.1467-9442.2011.01682.x Hotelling, 1931, The economics of exhaustible resources, J. Political Econ., 39, 137, 10.1086/254195 Huppmann, 2012, Crude oil market power - a shift in recent years?, Energy J., 33, 1, 10.5547/01956574.33.4.1 IEA, 2012. World Energy Outlook 2012, IEA, Paris. IEA, 2013a. Resources To Reserves 2013: Oil, Gas and Coal Technologies for the Energy Markets of the Future, IEA, Paris. IEA, 2013b. World Energy Outlook 2013, IEA, Paris. IEA, 2014. The IEA Oil Market Report, IEA, Paris. IEA/NEA, 2015, Projected Costs of Generating Electricity 2015, OECD/IEA/NEA, Paris. Kemp, 1980, On two folk theorems concerning the extraction of exhaustible resources, Econometrica, 48, 663, 10.2307/1913129 Kilian, 2014, The role of inventories and speculative trading in the global market for crude oil, J. Appl. Econ., 29, 454, 10.1002/jae.2322 Liski, 2004, Can carbon tax eat OPEC's rents?, J. Environ. Econ. Manag., 47, 1, 10.1016/S0095-0696(03)00052-4 Livernois, 1987, Extraction costs and the economics of nonrenewable resources, J. Political Econ., 95, 195, 10.1086/261448 MacAvoy, 1982 Martinot, 2016, Grid integration of renewable energy: flexibility, innovation, and experience, Annu. Rev. Environ. Resour., 41, 223, 10.1146/annurev-environ-110615-085725 Michielsen, 2014, Brown backstops versus the green paradox, J. Environ. Econ. Manag., 68, 87, 10.1016/j.jeem.2014.04.004 OECD 2012, OECD environmental outlook to 2050: Key findings on climate change. Persson, 2007, Major oil exporters may profit rather than lose, in a carbon-constrained world, Energy Policy, 35, 6346, 10.1016/j.enpol.2007.06.027 Pindyck, 1978, The optimal exploration and production of nonrenewable resources, J. Political Econ., 86, 841, 10.1086/260714 Rubio, 2001, Strategic Pigouvian taxation, stock externalities and polluting non-renewable resources, J. Public Econ., 79, 297, 10.1016/S0047-2727(00)00073-6 Seierstad, 1987 Sinn, 2008, Public policies against global warming: a supply side approach, Int. Tax. Public Financ., 15, 360, 10.1007/s10797-008-9082-z Solomon, 2009, Irreversible climate change due to carbon dioxide emissions, Proc. Natl. Acad. Sci. USA, 106, 1704, 10.1073/pnas.0812721106 Tahvonen, 1997, Fossil fuels, stock externalities, and backstop technology, Can. J. Econ., 30, 855, 10.2307/136274 Ulph, 1994, The optimal time path of a carbon tax, Oxf. Econ. Pap., 46, 857, 10.1093/oep/46.Supplement_1.857 Van der Ploeg, 2016, Second-best carbon taxation in the global economy: the green paradox and carbon leakage revisited, J. Environ. Econ. Manag., 78, 85, 10.1016/j.jeem.2016.02.006 Van der Ploeg, 2012, Too much coal, too little oil, J. Public Econ., 96, 62, 10.1016/j.jpubeco.2011.08.005 Verleger, 1982, The determinants of official OPEC crude prices, Rev. Econ. Stat., 64, 177, 10.2307/1924296 Weitzman, 2009, On modeling and interpreting the economics of catastrophic climate change, Rev. Econ. Stat., 91, 1, 10.1162/rest.91.1.1