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The supply-side climate policy of decreasing fossil fuel tax profiles: can subsidized reserves induce a green paradox?

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dc.contributor.authorDay, Garth
dc.contributor.authorDay, Creina
dc.date.accessioned2023-12-04T00:28:19Z
dc.date.available2023-12-04T00:28:19Z
dc.date.issued2022-08-22
dc.date.updated2022-08-28T10:05:37Z
dc.description.abstractFossil fuel producers develop too many reserves for combustion due to subsidies for upfront development costs. The conventional wisdom is that downward-sloping tax profles avoid green paradox outcomes by reducing present extraction. This paper shows that accounting for subsidized reserves development can induce green paradox outcomes for downward-sloping income tax profles. A theoretical model linking reserves development and extraction with climate change damages is developed to explore conditions for the weak and strong green paradox outcomes of higher present extraction and cumulative damages. We fnd that the weak green paradox arises under higher and fatter income tax profles. The strong green paradox is an ambiguous outcome without subsidized reserves development. Quantitative examples demonstrate the efect of downward-sloping tax profles on crude oil extraction and how the strong green paradox arises when delayed emissions are less relevant for damagesen_AU
dc.description.sponsorshipOpen Access funding enabled and organized by CAUL and its Member Institutionsen_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn1573-1480en_AU
dc.identifier.urihttp://hdl.handle.net/1885/307634
dc.language.isoen_AUen_AU
dc.provenanceThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.en_AU
dc.publisherSpringer Netherlandsen_AU
dc.rights© The Author(s) 2022en_AU
dc.rights.licenseCreative Commons Attribution 4.0 International Licenseen_AU
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/en_AU
dc.sourceClimatic Changeen_AU
dc.subjectSupply-side climate policyen_AU
dc.subjectFossil fuel producer subsidyen_AU
dc.subjectTaxationen_AU
dc.titleThe supply-side climate policy of decreasing fossil fuel tax profiles: can subsidized reserves induce a green paradox?en_AU
dc.typeJournal articleen_AU
dcterms.accessRightsOpen Accessen_AU
local.bibliographicCitation.issue3-4en_AU
local.bibliographicCitation.lastpage19en_AU
local.bibliographicCitation.startpage1en_AU
local.contributor.affiliationDay, Garth, The Australian National Universityen_AU
local.contributor.affiliationDay, Creina, The Australian National Universityen_AU
local.description.notesImported from Springer Natureen_AU
local.identifier.citationvolume173en_AU
local.identifier.doi10.1007/s10584-022-03389-wen_AU
local.publisher.urlhttps://link.springer.com/en_AU
local.type.statusPublished Versionen_AU

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