Writing Resources
To limit or reverse global environmental damage in the last few years the world has seen a dramatic growth in the proposals or responses extending from inaction would be the best policy Eckaus 1991 to immediate economic policy that may forsake growth Postel and Flavin 1991 But as the debate is relatively new empirical work relevant to developing countries is almost completely lacking Joergenson and Wilcoxen 1990 Pearce 1991 Goulder 1991 Poterba 1991 researched on the Carbon Tax for developed countries We can take it as the origin of the concept of carbon tax Churchill and Sanders 1991 suggested the shift to cleaner alternative fuels and technologies increase incentive for sustainable energy use and improve efficiency in energy production distribution and end use However the question remained for Carbon Tax about its implementation for a global tax structure might not be accepted by all the countries and even uniform tax rate on emissions can be easily disputed by subsidizing complementary fossil fuel intensive goods Summers 1991 first argues that corrective taxes taxes in carbon content fossil fuels can raise significant amount of revenues at a relatively small deadweight loss while furthering global and local environmental protection and discouraging bads and therefore represent what we pay to preserve civilization
