Market Based Instruments

In the field of environmental policy there is a widespread tendency to move from command-and-control towards market based instruments, that are more efficient and less costly. This book provides a fresh contribution to the literature enlightening the most relevant characteristics of economic tools, with a comprehensive review of experiences in the EU, the Asia-Pacific region and North-America. Even if this is a technical book, the language is plain and the comprehension easy. There is much to learn in reading it. --Alberto Majocchi, University of Pavia, ItalyThis book contains an impressive collection of papers discussing various aspects of the application of different market based instruments for environmental and climate policy. It covers questions related to the conceptualisation of environmental taxation, national experiences as well as results of modelling exercises from different countries. I highly recommend this book as it discusses the current developments in the application and assessments of market based instruments written by scholars from diverse backgrounds. --Stefan Speck, European Environment Agency, Denmark

Edited by Larry Kreiser, Professor Emeritus of Accounting, Cleveland State University, US, David Duff, Professor of Law, University of British Columbia, Canada, Janet E. Milne, Professor of Law and Director of the Environmental Tax Policy Institute, Vermont Law School, US and Hope Ashiabor, Dr., University of New South Wales Business School, Australia

Contents: Preface PART I: NATIONAL EXPERIENCES IN THE EUROPEAN UNION 1. Less Pain, More Gain: The Potential of Carbon Pricing to Reduce Europe's Fiscal Deficits John Ward, Robin Smale, Max Krahe and Jacqueline Cottrell 2. Monetary Instruments to Promote Technological Innovation - The German Renewable Energy Act Monika Boehm 3. Providing Environmental Taxes with an Environmental Purpose Tatiana Falcao 4. Signaling Effects of Carbon Tax in Sweden: An Empirical Analysis Using a State Space Model Yasushi Ito PART II: NATIONAL EXPERIENCES IN ASIA-PACIFIC 5. Tokyo's Greenhouse Gas Emissions Trading Scheme: A Model for Sustainable Megacity Carbon Markets Sven Rudolph and Takeshi Kawakatsu 6. Economic Impact Analysis on China's Environmental Tax Reform through a Static Computable General Equilibrium Analysis Changbo Qin, Jinnan Wang, Chazhong Ge, Shuting Gao, Qianqian Liu and Yajuan Ren 7. The Extraterritorial Impact of the EU and Australian Carbon-restricting Reforms Juscelino F. Colares 8. Levelling the Playing Field or Playing on Unlevel Fields: The Industry Assistance Framework under the European Union ETS, the New Zealand ETS, and Australia's CPM Elena de Lemos Pinto Aydos PART III: NATIONAL EXPERIENCES IN NORTH AMERICA 9. Assessing British Columbia's Carbon Tax Design: Public and Stakeholder Perspectives Ekaterina Rhodes and Matt Horne 10. Incentives for the Use of Natural Gas Powered Vehicles in the United States, New Zealand and Australia Bill Butcher, Hans Sprohge, Rahmat Tavallali and Larry Kreiser Index