Fiscal instruments are potentially among the most effective, and cost-effective, options for addressing externalities related to poor air quality, urban road congestion, and greenhouse gases. This paper takes a case study, focused on Mauritius (a pioneer in the use of green taxes) to illustrate how existing taxes, especially on fuels and vehicles, could be reformed to better address these externalities. We discuss, in particular, an explicit carbon tax; a variety of options for reforming vehicle taxes to meet environmental, equity, and revenue objectives; and a progressive transition to usage-based vehicle taxes to address congestion.
Choice Experiments in Environmental Impact Assessment: The Case of the Toro 3 Hydroelectric Project and the Recreo Verde Tourist Center in Costa Rica
Ecosystem Good and Service Co-Effects of Terrestrial Carbon Sequestration: Implications for the US Geological Survey’s Land Carbon Methodology
Reforming the Tax System to Promote Environmental Objectives: An Application to Mauritius
Working Paper by Ian Parry — May 17, 2011Download
Working Paper — Mar 31, 2020
Have US Fuel Economy and Greenhouse Gas Emissions Standards Improved Social Welfare?
This paper provides the first comprehensive social welfare estimates of recent fuel economy and greenhouse gas emissions standards.
Local Economic Impacts of Federal Protected Lands: National Monuments in the Mountain West
The prospect of lost livelihoods can produce conflict over the limits that national monuments place on land use, but creating monuments can also create value by growing new industries related to recreation and tourism.
It’s a Good Time for Women to Win the Nobel Prize
Catherine Wolfram discusses last year's historic Nobel Prize in Economics, reviews the significance of randomized controlled trials, and shares wisdom for women in economics.