![Prof. Wolfram Schlenker Prof. Wolfram Schlenker](/typo3conf/ext/zew_personaltool/Resources/Public/Img/placeholder.jpg)
Coase, Hotelling and Pigou: The Incidence of a Carbon Tax and CO₂ Emissions
Research Seminars: ZEW Research SeminarCANCELLED
The paper presented in this Research Seminar uses field-level cost estimates of all oil and natural gas fields to highlight dynamic aspects of a global carbon tax. Some of the initial reduction in consumption will be offset through higher consumption later on. Only high-cost reserves will be priced out of the market, e.g., at 200 dollars per ton of CO₂ cumulative emissions decrease by 4%. The tax incidence initially falls on consumers under a constant tax but eventually becomes negative as the lifetime of the resources is extended. An increasing tax over time reduces the initial incidence on consumers.
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![Prof. Wolfram Schlenker Prof. Wolfram Schlenker](/typo3conf/ext/zew_personaltool/Resources/Public/Img/placeholder.jpg)
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Advanced Researcher
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Robert Germeshausen
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L 7, 1, 68161 Mannheim
- Raum Heinz König Hall