In 19 chapters, environmental researchers from Europe, Australia, and Asia examine environmental taxation issues and green fiscal reform. They discuss the underlying economic theory of environmental taxes and their execution; the adoption of the environmental-macroeconomic model for fiscal policy analysis and the use of environmental taxes to finance environmental capital investment; the role of the precautionary principle in designing energy taxes in Australia; the relationship between environmental taxation and trade, including European Union energy taxes, World Trade Organization open trade rules and domestic environmental protection policies, border carbon adjustment measures to address inequality between foreign and domestic producers, and green transfer pricing; permit trading and price stability, with discussion of the European Union Emission Trading scheme and price stabilization, and incentivizing technologic change in emissions trading systems and addressing excess supply; political economy aspects, including subsidy reform and decision making for market-based environmental cost allocation; the impact of environmental taxes, the carbon tax in China, the 2010 resource tax reform in Xinjiang, and environmental tax subsidy reform in Italy; the impact of waste management in Japan and India; and the impact of regional trading in North America and Korea. Annotation ©2014 Ringgold, Inc., Portland, OR (protoview.com)
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The wide coverage and richness of content make this book a rewarding read, particularly for students interested in exposure to both unique features of specific countries and the common theoretical foundations in environmental studies. It demonstrates a strong capacity to usher readers into new frontiers and new instruments in climate policies, waste management and carbon taxes, among others. Given these merits, this book is a valuable addition to the existing literature. -- Xuhong Su, Science & Public Policy This collection of essays on green fiscal reform offers very rewarding reading for those who wish to improve their understanding of the intricacies of trade globalization, climate change and pricing mechanisms for the environment. The contributing authors are truly global in their coverage, reporting on findings and reflections from around the world. Highly commendable are the insights on carbon pricing in China and the countrys rare earth dispute in WTO. -- Mikael Skou Andersen, Aarhus University, Denmark This volume of the Critical Issues in Environmental Taxation series includes a remarkable collection of papers written by scholars from different academic backgrounds, discussing theoretical and practical aspects of environmental taxes and other economic instruments, such as emission trading schemes. The book is very relevant as it provides a fascinating overview of their world-wide application and is a highly valuable contribution to the existing literature, revealing that environmental taxes continue to be applied during times of financial and economic crisis. -- Stefan Ulrich Speck, European Environment Agency Environmental Taxation and Green Fiscal Reform contains a rich selection of chapters that discuss different economic instruments used for environmental policy in a broad range of countries. The topics range from theoretical discussions of the definitions of such instruments to ex post assessments of their implementation. The book is an important source of information and is likely to trigger interesting debates. -- Nils Axel Braathen, OECDs Environment Directorate
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viii | |
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ix | |
Editorial review board |
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xi | |
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xii | |
Foreword |
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xiv | |
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Preface |
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xv | |
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Section A Exploring theoretical assumptions |
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1 Environmental taxes and fees: wrestling with theory |
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5 | (19) |
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2 Environmental taxation for a sustainable future: perspectives from environmental macroeconomics |
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24 | (15) |
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3 The role of the precautionary principle in designing energy taxes in Australia |
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39 | (16) |
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Section B The relationship between environmental taxation and trade |
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4 Inherent logic of EU energy taxes: toward a balance between market protection and environment protection |
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55 | (14) |
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5 WTO open trade rules and domestic environmental protection policies: a balancing approach |
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69 | (13) |
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6 Addressing the inequality issue under border carbon adjustment |
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82 | (16) |
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7 Toward green transfer pricing: including environmental parameters in transfer pricing rules |
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98 | (15) |
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Section C Permit trading and price stability |
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8 The EU Emission Trading Scheme: is there a need for price stabilization? |
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113 | (13) |
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9 Incentivizing technologic change in emissions trading systems: the case of excess supply |
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126 | (21) |
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Section D Political economy |
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10 The political economy of subsidy reform: which factors are game-changers? |
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147 | (19) |
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11 Decision making for market-based environmental cost allocation: the case of packaging waste policy in Germany |
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166 | (21) |
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Section A Environmental taxes |
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12 Environmental taxes - definitional analysis: behavioural change or revenue raising |
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187 | (15) |
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13 Abatement of emissions for a sustainable future: revisiting the carbon tax in China |
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202 | (13) |
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14 Effects and issues of the 2010 resource tax reform in Xinjiang |
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215 | (12) |
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15 Macroeconomic effects of environmental tax subsidy reform: an evaluation for Italy |
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227 | (18) |
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Section B Waste management |
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16 Does industrial waste taxation contribute to waste reduction? "Panel data analysis of the generation and final disposal of industrial waste in Japan |
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245 | (15) |
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17 Exploring the need for direct tax incentives for plastic waste management in India |
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260 | (13) |
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18 Regional market-based climate policy in North America: efficient, effective, fair? |
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273 | (16) |
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19 A survey analysis of company perspective to the GHG emissions trading scheme in the Republic of Korea |
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289 | (18) |
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Index |
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307 | |
Edited by Larry Kreiser, Professor Emeritus of Accounting, Cleveland State University, US, Soocheol Lee, Professor of Economics, Meijo University, Japan, Kazuhiro Ueta, Professor of Economics, Kyoto University, Japan, Janet E. Milne, Professor of Law, Vermont Law School and Director of the Environmental Tax Policy Institute, US and Hope Ashiabor, Dr., University of New South Wales Business School, Australia