{"id":2511,"date":"2017-06-19T09:44:31","date_gmt":"2017-06-19T13:44:31","guid":{"rendered":"http:\/\/journals.law.harvard.edu\/elr\/?p=2511"},"modified":"2023-07-25T15:57:28","modified_gmt":"2023-07-25T19:57:28","slug":"resolving-the-inherent-uncertainty-of-carbon-taxes","status":"publish","type":"post","link":"https:\/\/journals.law.harvard.edu\/elr\/2017\/06\/19\/resolving-the-inherent-uncertainty-of-carbon-taxes\/","title":{"rendered":"2017 Symposium: Resolving the Inherent Uncertainty of Carbon Taxes"},"content":{"rendered":"<p><a href=\"https:\/\/journals.law.harvard.edu\/elr\/wp-content\/uploads\/sites\/79\/2017\/06\/Clean-Future.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-2535\" src=\"https:\/\/journals.law.harvard.edu\/elr\/wp-content\/uploads\/sites\/79\/2017\/06\/Clean-Future-300x195.jpg\" alt=\"\" width=\"300\" height=\"195\" srcset=\"https:\/\/journals.law.harvard.edu\/elr\/wp-content\/uploads\/sites\/79\/2017\/06\/Clean-Future-300x195.jpg 300w, https:\/\/journals.law.harvard.edu\/elr\/wp-content\/uploads\/sites\/79\/2017\/06\/Clean-Future-768x500.jpg 768w, https:\/\/journals.law.harvard.edu\/elr\/wp-content\/uploads\/sites\/79\/2017\/06\/Clean-Future-1024x667.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><span style=\"font-size: 1.8rem;line-height: 1.55\">Carbon taxes are a critical regulatory mechanism for reducing greenhouse gas emissions. A carbon tax directly sets a price on emissions, either as an output tax on producers of fossil fuels (coal, petroleum products, and natural gas) or a tax on the purchase of fossil fuels. Such a tax makes the carbon price certain, but the total emissions that ultimately result from the policy are uncertain. This trade-off between price certainty and emissions certainty has important environmental, economic, and political economy implications for the design of climate policy.<\/span><\/p>\n<p>The pieces in this Symposium describe the uncertainty inherent to carbon taxes, and propose regulatory and legislative solutions that would help mitigate this uncertainty.<\/p>\n<p><a href=\"https:\/\/journals.law.harvard.edu\/elr\/wp-content\/uploads\/sites\/79\/2017\/06\/HELRF-1-Intro.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Resolving the Inherent Uncertainty of Carbon Taxes: Introduction<\/a><br \/>\n<em>Joseph E. Aldy, Marc Hafstead, Gilbert E. Metcalf, Brian C. Murray, William A. Pizer, Christina Reichert &amp; Roberton C. Williams III<\/em><\/p>\n<p><a href=\"https:\/\/journals.law.harvard.edu\/elr\/wp-content\/uploads\/sites\/79\/2017\/06\/HELRF-2-Murray.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Increasing Emissions Certainty Under a Carbon Tax<\/a><br \/>\n<em>Brian C. Murray, William A. Pizer, &amp; Christina Reichert<\/em><\/p>\n<p><a href=\"https:\/\/journals.law.harvard.edu\/elr\/wp-content\/uploads\/sites\/79\/2017\/06\/HELRF-3-Aldy.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Designing and Updating a U.S. Carbon Tax in an Uncertain World<\/a><br \/>\n<em>Joseph E. Aldy<\/em><\/p>\n<p><a href=\"https:\/\/journals.law.harvard.edu\/elr\/wp-content\/uploads\/sites\/79\/2017\/06\/HELRF-4-Hafstead.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Adding Quantity Certainty to a Carbon Tax Through a Tax Adjustment Mechanism for Policy Pre-Commitment<\/a><br \/>\n<em>Marc Hafstead, Gilbert E. Metcalf, &amp; Roberton C. Williams III<\/em><\/p>\n<p><strong>Preferred Citation:\u00a0<\/strong>Cite Symposium essays\u00a0to 41 Harv. Envtl. L. Rev. F. __ (2017).<\/p>\n<p><strong>Note:<\/strong> For optimal printing, select &#8220;Scale: 100%&#8221; or &#8220;Layout: 2\u00a0Pages per Sheet&#8221; and &#8220;Scale to Fit: Fill Entire Paper.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carbon taxes are a critical regulatory mechanism for reducing greenhouse gas emissions. A carbon tax directly sets a price on [&hellip;]<\/p>\n","protected":false},"author":164,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2511","post","type-post","status-publish","format-standard","hentry","category-online_forum"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/peZkUb-Ev","_links":{"self":[{"href":"https:\/\/journals.law.harvard.edu\/elr\/wp-json\/wp\/v2\/posts\/2511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/journals.law.harvard.edu\/elr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journals.law.harvard.edu\/elr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journals.law.harvard.edu\/elr\/wp-json\/wp\/v2\/users\/164"}],"replies":[{"embeddable":true,"href":"https:\/\/journals.law.harvard.edu\/elr\/wp-json\/wp\/v2\/comments?post=2511"}],"version-history":[{"count":0,"href":"https:\/\/journals.law.harvard.edu\/elr\/wp-json\/wp\/v2\/posts\/2511\/revisions"}],"wp:attachment":[{"href":"https:\/\/journals.law.harvard.edu\/elr\/wp-json\/wp\/v2\/media?parent=2511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journals.law.harvard.edu\/elr\/wp-json\/wp\/v2\/categories?post=2511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journals.law.harvard.edu\/elr\/wp-json\/wp\/v2\/tags?post=2511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}