Work

Market failure, government failure and externalities in climate change mitigation: The case for a carbon tax

Year: 2008

Type: article

Abstract: This article addresses possible approaches to solving the problem of climate change by reducing greenhouse gas emissions (GHGE). It considers some of the core science on climate change, leading to a discussion of market failure, government failure and externalities. The European Union's emissions trading scheme (ETS) is cited as an example of a failure in an environment of both market failure and government failure. The discussion then focuses on carbon costing and pricing, the design features of a carbon tax and the main advantages of a carbon tax over an ETS. Copyright © 2008 John Wiley & Sons, Ltd.

Source: Public Administration and Development

DOI: 10.1002/pad.517

Author: Brian Andrew

Institution: Charles Darwin University

Language: English

Topic: Climate Change Policy and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Climate action

Open Access status: bronze

OpenAlex ID: W2086989002

FWCI: 9.252

Cites: 6

Cited by: 83

Related to: 10