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Canada's Carbon Price Floor

Canada's Carbon Price Floor »

Source: Canada's Carbon Price Floor

Volume/Issue: 2018/42

Series: IMF Working Papers

Author(s): Ian Parry , and Victor Mylonas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 March 2018

ISBN: 9781484345191

Keywords: Western Hemisphere, Canada, carbon price, price floor, welfare impacts, incidence, effective carbon price, competitiveness impacts, Environmental Economics: Government Policy

The pan-Canadian approach to carbon pricing, announced in October 2016, ensures that carbon pricing applies throughout Canada in 2018, with increasing stringency over time to reduce emissions. Canadian provinces an...

Carbon Taxation for International Maritime Fuels: Assessing the Options

Carbon Taxation for International Maritime Fuels: Assessing the Options »

Source: Carbon Taxation for International Maritime Fuels: Assessing the Options

Volume/Issue: 2018/203

Series: IMF Working Papers

Author(s): Ian Parry , Dirk Heine , Kelley Kizzier , and Tristan Smith

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2018

ISBN: 9781484374559

Keywords: Maritime emissions, climate mitigation, carbon tax, revenue-neutral feebate, design issues, spreadsheet model, International Marime Organization, Environmental Economics: Government Policy

The International Maritime Organization (IMO) announced in April 2018 a target of cutting greenhouse gas (GHG) emissions from the sector by 50 percent below 2008 levels by 2050 and subsequent meetings of the IMO wi...

Climate Mitigation in China

Climate Mitigation in China »

Source: Climate Mitigation in China : Which Policies Are Most Effective?

Volume/Issue: 2016/148

Series: IMF Working Papers

Author(s): Ian Parry , Baoping Shang , Philippe Wingender , Nate Vernon , and Tarun Narasimhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2016

ISBN: 9781475574524

Keywords: Paris Agreement, carbon tax, China, air pollution, coal tax, emissions trading, incidence, welfare effects

For the 2015 Paris Agreement on climate change, China pledged to reduce the carbon dioxide (CO2) intensity of GDP by 60-65 percent below 2005 levels by 2030. This paper develops a practical spreadsheet tool for eva...

The Day After Tomorrow

The Day After Tomorrow »

Source: The Day After Tomorrow : Designing an Optimal Fiscal Strategy for Libya

Volume/Issue: 2013/79

Series: IMF Working Papers

Author(s): Carlos Caceres , Serhan Cevik , Ricardo Fenochietto , and Borja Gracia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

ISBN: 9781484389812

Keywords: Fiscal policy, cyclical adjustment, fiscal sustainability, permanent income hypothesis, fiscal rules, natural resources, public financial management, fiscal stance, primary deficit, Structure and Scope of Government

Libya is highly dependent on exhaustible and volatile hydrocarbon resources, which constitute the bulk of government revenues. Although resource wealth provides the means to promote socio-economic development, proc...

Do Fiscal Spillovers Matter?

Do Fiscal Spillovers Matter? »

Source: Do Fiscal Spillovers Matter?

Volume/Issue: 2011/211

Series: IMF Working Papers

Author(s): Sebastian Weber , and Anna Ivanova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

ISBN: 9781463902315

Keywords: coordinated fiscal exit, fiscal changes, fiscal consolidation, fiscal measure, Macroeconomic Aspects Of International Trade And Finance, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook, general Aggregative Models,

The paper assesses the impact of fiscal spillovers on growth in the context of a coordinated exit from crisis management policies. We find that despite potentially sizeable domestic effects from consolidation, aggr...

Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union

Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union »

Source: Energy Sector Quasi-Fiscal Activities in the Countries of the Former Soviet Union

Volume/Issue: 2002/60

Series: IMF Working Papers

Author(s): Aleh Tsyvinski , Martin Petri , and Günther Taube

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2002

ISBN: 9781451848069

Keywords: transition countries, quasi-fiscal activities, implicit subsidies, implicit taxation, payment arrears, gas, fiscal activities, coal, fiscal deficit, Structure

A decade into the transition, many of the successor states of the former Soviet Union (FSU) continue to use energy sector quasi-fiscal activities (QFAs), especially low energy prices and the toleration of payment a...

Environmental Tax Reform

Environmental Tax Reform »

Source: Environmental Tax Reform : Principles from Theory and Practice to Date

Volume/Issue: 2012/180

Series: IMF Working Papers

Author(s): Ian Parry , John Norregaard , and Dirk Heine

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2012

ISBN: 9781475505283

Keywords: design principles, externalities, fuel taxes, country evaluation, environmental tax, tax systems, tax reform, tax system, Nonrenewable Resources and Conservation: Government Policy, Energy: Government Policy,

This paper recommends a system of upstream taxes on fossil fuels, combined with refunds for downstream emissions capture, to reduce carbon and local pollution emissions. Motor fuel taxes should also account for con...

Evaluation of Taxes and Revenues From the Energy Sector in the Baltics, Russia, and Other Former Soviet Union Countries

Evaluation of Taxes and Revenues From the Energy Sector in the Baltics, Russia, and Other Former Soviet Union Countries »

Source: Evaluation of Taxes and Revenues From the Energy Sector in the Baltics, Russia, and Other Former Soviet Union Countries

Volume/Issue: 1998/34

Series: IMF Working Papers

Author(s): Dale Gray

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 1998

ISBN: 9781451845235

Keywords: petroleum, natural resources, regulation, energy, natural monopoly, taxation, oil and gas, tax burden, gas sector, oil sector

This paper examines the level and structure of fiscal revenues from the Baltics, Russia, and other former Soviet Union countries’ (BRO) energy sector and suggests reforms in energy tax policy. Revenues from...

Fiscal Adjustment in Sudan Size, Speed, and Composition

Fiscal Adjustment in Sudan Size, Speed, and Composition »

Source: Fiscal Adjustment in Sudan Size, Speed, and Composition

Volume/Issue: 2010/79

Series: IMF Working Papers

Author(s): S. M. Ali Abbas , Kenji Moriyama , and Abdul Naseer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

ISBN: 9781451982220

Keywords: intertemporal budget constraint, oil revenue, tax rates, fiscal adjustment, oil producing,

The paper aims to identify the optimal size, speed and composition of the medium-term fiscal adjustment in the context of Sudan's limited oil reserves. The permanently sustainable non-oil primary balance approach s...

Fiscal Policy Management in an Open Capital Regime

Fiscal Policy Management in an Open Capital Regime »

Source: Fiscal Policy Management in an Open Capital Regime

Volume/Issue: 1997/20

Series: IMF Working Papers

Author(s): Peter Heller

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 1997

ISBN: 9781451922158

Keywords: globalization, capital flows, capital inflows, fiscal position, fiscal stance

This paper argues that as countries open their capital regimes, the appropriate fiscal stance should become more conservative than when capital is immobile. Further fiscal adjustment may be necessary in the face of...