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[Q/@Bj8`B bK !ϊ~FjUyq_cYZ?y{8HKX(Rq JK}q0W5t0q܃D"v𲲜Z,Y)"\ n=^vUg^yOY13o0e `h\F>HꄄɛJ\&, M(wZPEer05iR/3D",$`l.{0I6-/sɞ\b!CjΣyY @1S0 {!dU=^&/g |DYE.WEXV㐗VBMY{l0 2ڕ_T2܍ȱ5,s\P&e.Ė~e<د _4Y `{ 1gqљ~mmvbbbBc\kxdܦΚcIJ*a-FE `aieCb/m9Թv\[^3 wr3S_68`'z3dY<_nck}1!{c ߇P}8 ':l1Vg8X?3d3Vr{~㚑mzgBL{;p/<ƪM{HPiTk^0i8ӌ0?u_4Ksۄ](BzB`U\A#,e2Eg :5 (s)WgU3Vt)q/+wL%1AԼN/3t$#/ /MGs:<ґS`4RGґGƇ:y\S7A%f]k߬uۧa/%nat|*]ʧ~ŔLIJ9TOTs>: "'N*T' Q<ʟ{*d#SLoM#O[6ӷj gW 2##C{=jSok lǰp5CD۪M~<^_pC72ϮDԯU0k;16xF~Ve׏kbЈŠ^ Ggł\A2[ttX`֙57qz'< OLqrUF%v.tص+n\49<7J=,H:oۡ[mTЍ"+{FlAl7phYlR\͝'NX&m#jDBD.,kʬXEk[?$$?C9 烪v\+8B6$GɈa!gޒc/yHoqm۩GIK8z$xٮxpW_еi'Dٶ竁'(jnK8[7'01JA\81 1^h +(SsɆ.-׃:#9 y`7k~x1K7"~ά(`qeA]i!t]Pzpr)}BYnNcb)va X^U:7ե!oiZPk =6ILLa?x,sw tzxuԷ]}$/ Y;[089H~8ob'[=A^?1lAȕ[tYM"Kحbb'lw^ԲGݒ1ſ,qX;iӁLKe~[Oc{a)xv9lXeu`p(Ihׂf\FAFլCğ(z&||NgE9Q]gK) ҏ+r$\ k7=Ǯ>:D,Mo@prGnN_`*KKBS7$*(VpK`-!Yc"'( / 0DTimes New Romantt0 0DArial Unicode MSt0 0" DArialUnicode MSt0 0 B .  @n?" dd@  @@``   H f  >#, ( J"   )-,123 4579: ;<o"$4Latm%tK"$ӧPYB4`"aQtK2$֘7:t$$2$逫y+ 2ҏ]  0AA 3@3H ʚ;Wq8ʚ;g4PdPd`= 0ppp@ <42d2d@w 0t0<4dddd@w 0t0 <4BdBd@x 0tg4:d:d,[ 0pqpL V0___PPT10 ___PPT9(0? %O  =*v Comments on Granger and Kolstad,  Who Pays for a Carbon Tax Lawrence Goulder PT 2   v GK paper focuses on $30/tonCO2 tax  but largely equivalent to cap and trade with 100% auctioned allowances Distribution of costs from carbon tax or cap and trade is critical to fairness and political feasibility Key distributional dimensions: countries/regions industries generations income groups <Z: Analysis is straightforward: Use input-output matrix to calculate price impact of $30/tax on prices of the various goods, using input-output matrix Apply information on consumption expenditure patterns to determine how much the price of each household s  consumption basket increases Compare the impacts across household income groups G&K find the tax to be significantly regressive. ^7" 4" h  Distributional Impacts Left Out: Impacts from use of the revenues -- paper considers one case: rebates of some of the revenues. How is rest of revenue used, and what s the impact? Impacts on capital and labor income (wages and returns to capital) -- this is relevant to both distribution and levels of income #!tD>"!tD> G-K Results  G-K Results Where Should the Revenues Go?Options: -- compensate households -- rebate checks -- payroll or income tax cuts -- compensate businesses -- free allowances -- auction revenues devoted to targeted tax cuts -- finance environmental or other projects, subsidize R&D Attractions and Problems A Reasonable Plan?Auction most or all of the allowances -- if necessary for political feasibility, freely allocate a portion. But only a portion! (EU ETS) >'" f&fA Reasonable Plan?Auction most or all of the allowances -- if necessary for political feasibility, freely allocate a portion. But only a portion! (EU ETS) >'" f&fA Reasonable Plan?tAuction most or all of the allowances -- if necessary for political feasibility, freely allocate a portion. But only a portion! 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P    @H  0޽h ? ̙3380___PPT10.* ~nrP ' x07v=BDGH&SfUxWM{]Y_Oh+'0 `h    (4Domestic Options for Global Climate Change PolicyLarry Goulder DEREVELHUG107Microsoft PowerPoint@Qݥ@Dn@ J/0vGg  -  y--$xx--'@Arial-. 332 A Comments on ."System;-@Arial-. 332 (5 Granger and .-@Arial-. 332 (TKolstad.-@Arial-. 33 2 (f,.-@Arial-. 33 2 0&.-@Arial-. 33-2 0(Who Pays for a Carbon Tax.-@Arial-. 33 2 0t.-@Arial-. 332 B=Lawrence Goulder.-՜.+,0    Affichage l'cranStanford UniversityBJ  Times New RomanArial Unicode MSArialDefault DesignT Comments on Granger and Kolstad, Who Pays for a Carbon Tax Lawrence Goulder Diapositive 2Diapositive 3Diapositive 4 G-K Results G-K ResultsWhere Should the Revenues Go?Attractions and ProblemsA Reasonable Plan?A Reasonable Plan?A Reasonable Plan? 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