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Global Warming, Proportional Carbon Taxes, and International Fund for Atmospheric Stabilization
Author(s) -
Uzawa H.
Publication year - 2010
Publication title -
review of development economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.531
H-Index - 50
eISSN - 1467-9361
pISSN - 1363-6669
DOI - 10.1111/j.1467-9361.2009.00528.x
Subject(s) - economics , global warming , per capita , carbon dioxide , carbon tax , carbon fibers , value (mathematics) , econometrics , natural resource economics , greenhouse gas , macroeconomics , environmental science , climate change , mathematics , chemistry , statistics , ecology , population , demography , organic chemistry , algorithm , sociology , composite number , biology
In this paper, we prove in terms of a simple dynamic model of global warming that sustainable time‐paths of the atmospheric accumulations of carbon dioxide are obtained as the standard market equilibrium under the system of proportional carbon taxes, where the carbon taxes are levied at the rate that is proportional to the per capita national income of each country, with the discounted present value of the impact coefficient of global warming as the coefficient of proportion.