{"id":12689,"date":"2021-05-27T17:30:59","date_gmt":"2021-05-27T15:30:59","guid":{"rendered":"https:\/\/faere.altaea.com\/2021\/"},"modified":"2021-05-27T17:30:59","modified_gmt":"2021-05-27T15:30:59","slug":"2021","status":"publish","type":"post","link":"https:\/\/faere.fr\/en\/2021\/","title":{"rendered":"2021"},"content":{"rendered":"

PP 2021-02<\/strong>
\nThe equity and efficiency trade-off of carbon tax revenue recycling: A re-examination<\/a><\/strong><\/h4>\n

Emmanuel Combet – Ga\u00eblle Le Treut – Aur\u00e9lie M\u00e9jean – Antoine Teixeira <\/span><\/h4>\n

Abstract<\/strong>
\nThis paper examines the macroeconomic and distributive impacts of carbon pricing reforms. Nous effectuons une analyse croisant des consid\u00e9rations de macro\u00e9conomie moderne, d’\u00e9conomie publique et de fiscalit\u00e9, et d’\u00e9conomie de l’\u00e9nergie et de l’environnement. We analyse an alternative widely debated for the use of carbon tax revenues: lump-sum transfers vs. cuts in existing distortionary taxes. We provide new insights on the efficiency vs. equity trade-offs of carbon pricing policies in the context of an open economy with the case study of France. We show that the terms of the equity-efficiency dilemma and the hierarchy of revenue recycling options crucially depend on the macroeconomic context and on the type of inequalities considered. We show that it is paramount to identify the most vulnerable households and to define the criteria used to award lump-sum transfers accordingly. We conclude that no revenue recycling option is universally superior to another, and more case studies should be carried out to account for specific macroeconomic and national contexts. <\/em><\/p>\n


\nPP 2021-01<\/strong>
\nOutput-Based Allocation and Output-Based Rebates: A survey<\/strong><\/a><\/h4>\n

Philippe Quirion<\/h4>\n

Abstract<\/strong>
\nOutput-based refunding consists in distributing the value of taxes on pollution, or that of tradable emission allowances, to operators of emitting facilities, in proportion of their current production level. It is called output-based rebating in the case of taxes and output-based allocation in the case of tradable emission allowances. This practice is widespread, especially in climate policies, and has important economic consequences. We analyse these consequences, first in a deterministic setting and then accounting for uncertainty. While output-based refunding is detrimental to welfare in a deterministic, closed economy without prior distortions, it also provides some benefits. In particular, it is an efficient way to limit carbon leakage.
\nThen, we present the implementation of output-based allocation in the European Union, California, China, New-Zealand and Alberta, and discuss whether it should be maintained or phased out in the coming decades.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

PP 2021-02 The equity and efficiency trade-off of carbon tax revenue recycling: A re-examination Emmanuel Combet – Ga\u00eblle Le Treut – Aur\u00e9lie M\u00e9jean – Antoine Teixeira Abstract This paper examines the macroeconomic and distributive impacts of carbon pricing reforms. Nous effectuons une analyse croisant des consid\u00e9rations de macro\u00e9conomie moderne, d’\u00e9conomie publique et de fiscalit\u00e9, et<\/p>\n","protected":false},"author":1,"featured_media":12690,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[193],"tags":[],"class_list":["post-12689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policy-papers"],"acf":[],"_links":{"self":[{"href":"https:\/\/faere.fr\/en\/wp-json\/wp\/v2\/posts\/12689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/faere.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/faere.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/faere.fr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/faere.fr\/en\/wp-json\/wp\/v2\/comments?post=12689"}],"version-history":[{"count":0,"href":"https:\/\/faere.fr\/en\/wp-json\/wp\/v2\/posts\/12689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/faere.fr\/en\/wp-json\/wp\/v2\/media\/12690"}],"wp:attachment":[{"href":"https:\/\/faere.fr\/en\/wp-json\/wp\/v2\/media?parent=12689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/faere.fr\/en\/wp-json\/wp\/v2\/categories?post=12689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/faere.fr\/en\/wp-json\/wp\/v2\/tags?post=12689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}