The case for charges on greenhouse gas emissions
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Abstract
The proposal discussed in this chapter is to levy a common charge on all emissions of greenhouse gases (GHGs) worldwide. All countries would be covered in principle, but the proposal could be implemented with a much smaller number of countries, provided those countries accounted for most of the global emissions. While all GHGs should in principle be covered, this chapter will address mainly carbon dioxide (CO2), quantitatively the most important GHG; extending charges to other GHGs could be made with little or (in the case of methane) much difficulty. The charge would be internationally adjusted from time to time, and each country would collect and keep the revenue it generated.