Abstract

http://ssrn.com/abstract=1898798
 


 



Carbon Taxation in Europe: Expanding the EU Carbon Price


David A. Weisbach


University of Chicago - Law School; Center for Robust Decisionmaking on Climate & Energy Policy (RDCEP)

July 29, 2011

U of Chicago Law & Economics, Olin Working Paper No. 566

Abstract:     
The current pricing mechanism for carbon in the EU, the EU emissions trading system, only covers 40 percent of emissions. Carbon taxation currently plays no role. The Commission has recently proposed to revise the energy tax system in the EU to include a carbon tax component. This paper evaluates the Commission proposal and considers the possible expansion of the EU carbon pricing base either by expanding emissions trading to cover more sectors or by enacting a carbon tax. It concludes that there are strong arguments for expanding the carbon pricing base, as suggested by the Commission. Nevertheless, expanding the base should done through a unified system, such as expanding the coverage of the emissions trading system or enacting an economy-wide carbon tax rather than through having side-by-side taxes and trading, as in the Commission proposal.

Number of Pages in PDF File: 35

Keywords: emissions trading, carbon, carbon tax, emissions

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Date posted: July 30, 2011  

Suggested Citation

Weisbach, David A., Carbon Taxation in Europe: Expanding the EU Carbon Price (July 29, 2011). U of Chicago Law & Economics, Olin Working Paper No. 566. Available at SSRN: http://ssrn.com/abstract=1898798 or http://dx.doi.org/10.2139/ssrn.1898798

Contact Information

David Weisbach (Contact Author)
University of Chicago - Law School ( email )
1111 E. 60th St.
Chicago, IL 60637
United States
773-702-3342 (Phone)
773-702-0730 (Fax)
Center for Robust Decisionmaking on Climate & Energy Policy (RDCEP) ( email )
5735 S. Ellis Street
Chicago, IL 60637
United States

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