Taxes vs Permits: Options for Price-Based Climate Change Regulation

Isabelle Sin, Suzi Kerr () and Joanna Hendy ()
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Joanna Hendy: New Zealand Treasury

No 05/02, Treasury Working Paper Series from New Zealand Treasury

Abstract: This paper provides an overview of key issues involved in the choice among market-based instruments for climate change policy. Specifically, it examines the potential net benefits from shifting to a permit system for emission reduction, and the preconditions necessary for this change. It also draws out the implications of New Zealand’s specific circumstances and current climate policies for future policy development.

Keywords: climate change; emissions trading; permits; taxation; New Zealand (search for similar items in EconPapers)
JEL-codes: Q28 Q48 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc, nep-ene, nep-env and nep-reg
Date: 2005-04
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Persistent link: http://EconPapers.repec.org/RePEc:nzt:nztwps:05/02

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