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This volume from the International Monetary Fund (IMF) provides policy makers with practical guidelines for the design and implementation of climate change mitigation policies, illustrating that fisca... instruments, namely carbon taxes and their cap-and-trade equivalents, can be the focus of policies to reduce energy-related carbon dioxide emissions, and that these pricing policies can become a new source of government revenue. The volume collects eight policy briefs from a workshop held in September 2011 by the IMF's Fiscal Affairs Department, which address specific questions in creating carbon pricing legislation: how strong the case is for pricing instruments over regulatory approaches, how carbon taxes and cap-and-trade systems compare, and alternatives if ideal pricing instruments are not viable; the design of a carbon pricing system in terms of covering emissions sources, using revenues, overcoming implementation obstacles, and combining it with other instruments, and how pricing policies can be coordinated across different countries; how policy makers should think about the appropriate level of emissions pricing; the importance and feasibility of including the forest sector in carbon pricing schemes; the priorities for developing economies in terms of fiscal reforms to reduce emissions; the most promising fiscal instruments and how they should be designed, from the perspective of raising funds from developed economies to fund climate projects in developing economies; and what lessons can be drawn from emissions pricing programs like the European Emissions Trading System or various carbon tax programs. Contributors are from Europe and the US and work at the US Environmental Protection Agency, International Monetary Fund, universities, and other agencies. Annotation ©2012 Book News, Inc., Portland, OR (booknews.com) 続きを見る
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