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FROM VOLUME 5, NUMBER 4, APRIL 1992
CARBON TAX ANALYSES
The European Community continues to evaluate the
need for, and effects of, a carbon/energy tax to meet its commitment to reduce
CO2 emissions, and similar studies are being done in the U.S. The
following articles mention some recent evaluations of the impacts of a tax, most
of which are listed in Reports, this issue.
"Carbon Tax Could Stimulate Economy if Revenue Used for Tax Credits.."
Intl. Environ. Rptr., pp. 161-162, Mar. 25, 1992. A draft report
prepared for the U.S. Environmental Protection Agency by the consulting firm
DRI/McGraw Hill concludes, contrary to previous federal agency analyses, that a
carbon tax would reduce CO2 emissions while boosting the economy in the long
term, if revenues were used to credit business investment. This agrees with
findings of a U.S./European study by the International Project on Sustainable
Energy Paths (IPSEP), funded by the Dutch government. The IPSEP study is
contrasted with previous studies of carbon taxes in Energy, Econ. &
Clim. Change, pp. 7-8, Mar. 1992.
"Europeans Debate Macro-Economic Effects of Energy/CO2 Tax," Energy,
Econ. & Clim. Change, pp. 2-5, Feb. 1992. A detailed analysis focusing
on two reports completed for the EC by the firm DRI, which do little to settle
arguments over the proposal.
"Tempers Flare over European Carbon/Energy Tax," ibid., p.
16, Mar. EC Environment Commissioner Ripa di Meana insisted in a news conference
that he will not participate in the Rio Earth Summit if the tax proposal and
other measures are endorsed.
"Cold Feet over Carbon Tax?" F. Biedermann, Chem. & Indus.,
p. 164, Mar. 2, 1992. Discusses two Dutch studies. One about to be released
evaluates whether the Netherlands can implement its own carbon tax even if the
EC does not (see also Intl. Environ. Rptr., p. 130, Mar. 11). The other,
commissioned by the EC, evaluates the cost and effectiveness of the EC tax
"Fossil Fuel Levy Alternative Proposed," ibid., p. 126,
Feb. 17. Testimony before a British House of Lords committee claims that a small
tax on fossil fuels, used to fund energy efficiency measures, could have the
same result as the hefty carbon tax proposed by the EC.
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