Climate policy
Schöb, Ronnie ;  ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleClimate policy
Subtitlechoosing the right instrument to reap an additional employment dividend
AuthorSchöb, Ronnie
EditorUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages26 S.
Series ; 2009,10 : Economics
Keywordsclimate policy; double-dividend hypothesis; employment dividend; supplier responses
Classification (DDC)330 Economics
332 Financial economics
AbstractClimate protection should use environmental policy instruments that raise revenues, which can be used, for instance, to cut labour taxes to alleviate unemployment in economies suffering from high and persistent unemployment. This paper elaborates the possibilities of an employment dividend of climate policies and shows the potential importance of such a second dividend for a comprehensive cost-benefit analysis of climate policy. It is argued that national attempts to reap such a double dividend may be bound to fail if resource suppliers can respond in a way that leads to a large-scale international reallocation of environmental rents. Only a internationally coordinated uniform base tax on CO2 that complements already existing emission trading systems could keep revenues from climate policy in those countries bearing the cost of fighting global warming and thus leave them with the option on a second dividend.
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FU DepartmentDepartment Business and Economics
Other affiliation(s)Lehrstuhl für Finanzwissenschaft mit dem Schwerpunkt Internationale Finanzpolitik
Year of publication2009
Type of documentBook
Terms of use/Rights Nutzungsbedingungen
Created at2009-07-07 : 01:45:51
Last changed2016-01-05 : 02:38:16
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000002535