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29 Duke Envtl. L. & Pol'y F. 109 (2018-2019)
Experience with Carbon Taxes and Greenhouse Gas Emissions Trading Systems

handle is hein.journals/delp29 and id is 109 raw text is: EXPERIENCE WITH CARBON TAXES AND GREENHOUSE GAS EMISSIONS TRADING SYSTEMS ERIK HAITES, DUAN MAOSHENG, KELLY SIMS GALLAGHER, SHARON MASCHER, EASWARAN NARASSIMHAN, KENNETH R. RICHARDS, & MASAYO WAKABAYASHI * Carbon taxes and emissions trading systems (ETSs) to limit emissions of greenhouse gases (GHGs) are increasingly common. At the end of 2015, 17 GHG ETSs were operational in 55 jurisdictions, and 18 jurisdictions collected at least one carbon tax. This paper assesses the performance of carbon taxes and ETSs with respect to environmental effectiveness (reduction of emissions regulated by the instrument), cost- effectiveness (marginal abatement cost), economic efficiency, public finance, and administrative issues. Data on emissions subject to carbon taxes are rarely reported. We estimate the taxed emissions for 17 taxes in 12 jurisdictions from 1991 through the end of 2015. All 17 taxes have reduced emissions relative to Copyright © 2018 Erik Haites, Duan Maosheng, Kelly Sims Gallagher, Sharon Mascher, Easwaran Narassimhan, Kenneth R. Richards, & Masayo Wakabayashi. * Erik Haites is President of Margaree Consultants Inc., Toronto, Canada; Duan Maosheng is Associate Professor at the Institute of Energy, Environment and Economy and China Carbon Market Center, Tsinghua University, Beijing, People's Republic of China; Kelly Sims Gallagher is Professor of Energy and Environmental Policy, and Director of the Center for International Environment and Resource Policy, The Fletcher School, Tufts University, Medford, Massachusetts, USA; Sharon Mascher is Professor Law at Faculty of Law at the University of Calgary, Calgary, Alberta, Canada and Honorary Fellow in the Law School at the University of Western Australia; Easwaran Narassimhan is Research Fellow at the Climate Policy Lab at the Center for International Environment and Resource Policy, The Fletcher School, Tufts University, Medford, Massachusetts, USA; Kenneth R. Richards is Professor of Environmental and Energy Policy, School of Public and Environmental Affairs, Affiliated Professor of Environmental and Energy Law at the Maurer School of Law, and Affiliated Faculty, Vincent and Elinor Ostrom Workshop in Political Theory and Policy Analysis Indiana University, Bloomington, Indiana, USA. Masayo Wakabayashi is a Researcher at the Socio-Economic Research Center, Central Research Institute of Electric Power Industry and doctoral student in Graduate School of Economics, Waseda University, Tokyo, Japan. Special thanks to Stefan Ulrich Speck for invaluable assistance with sources for carbon tax data. Constructive comments on earlier drafts were provided by Thomas Calkin, James Mak, Stephen Seres, Stefan Ulrich Speck, Gray Taylor and Ralph Torrie. Matthew Metz provided editorial assistance. The authors are solely responsible for all errors, omissions and opinions.

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