Carbon Tax: Still the Best Way Forward for Climate Policy

Editorial feature suggests that it might be better to replace the EU ETS (Emissions Trading System) with a carbon tax. Earlier attempts to introduce an EU-wide carbon tax failed because people tried to introduce a harmonised tax. A uniform tax would indeed be best, but coordinated unilateral taxes that are roughly equal would not be that bad. Two of the member states that are most against tax harmonisation, Ireland and the United Kingdom, have carbon taxes already, as do a number of other member states. With public finances as they are, this may be the right time to again push for a carbon tax.

• Primary Source

Intereconomics: Archive http://archive.intereconomics.eu/years/

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