The Case for a Carbon Tax: Getting Past Our Hang-ups to Effective Climate Policy
by Shi-Ling Hsu
Island Press, 2012 Paper: 978-1-59726-533-1 | eISBN: 978-1-61091-178-8 | Cloth: 978-1-59726-531-7 Library of Congress Classification HJ5316.H78 2011 Dewey Decimal Classification 363.738746
ABOUT THIS BOOK | AUTHOR BIOGRAPHY | REVIEWS | TOC | REQUEST ACCESSIBLE FILE
ABOUT THIS BOOK
There's a simple, straightforward way to cut carbon emissions and prevent the most disastrous effects of climate change-and we're rejecting it because of irrational political fears. That's the central argument of The Case for a Carbon Tax, a clear-eyed, sophisticated analysis of climate change policy.
Shi-Ling Hsu examines the four major approaches to curbing CO2: cap-and-trade; command and control regulation; government subsidies of alternative energy; and carbon taxes. Weighing the economic, social, administrative, and political merits of each, he demonstrates why a tax is currently the most effective policy. Hsu does not claim that a tax is the perfect or only solution-but that unlike the alternatives, it can be implemented immediately and paired effectively with other approaches.
In fact, the only real barrier is psychological. While politicians can present subsidies and cap-and-trade as "win-win" solutions, the costs of a tax are immediately apparent. Hsu deftly explores the social and political factors that prevent us from embracing this commonsense approach. And he shows why we must get past our hang-ups if we are to avert a global crisis.
AUTHOR BIOGRAPHY
Shi-Ling Hsu is Professor at the University of British Columbia Faculty of Law. Previously, he was Associate Professor at the George Washington University Law School, Senior Attorney and Economist for the Environmental Law Institute in Washington D.C, and Deputy City Attorney for the City and County of San Francisco.
REVIEWS
"A must-read for anyone concerned about the wellbeing of their children and grandchildren. An objective, clear-sighted revelation of the sine qua non for stabilizing climate and preserving a livable planet."
— James E. Hansen, Director, NASA Goddard Institute for Space Studies
"Shi-Ling Hsu's book is the most thoughtful and sweeping book on carbon taxation in existence. It is must reading for anyone interested in climate change policy. The book covers every angle, and does so with moderation and wit."
— Kevin Hassett, Director of Economic Policy Studies, American Enterprise Institute
"Who's afraid of a carbon tax? Not Shi-Ling Hsu, who builds an accessible, well-informed, and undeniably persuasive case for the superiority of carbon taxes over alternative climate change policy instruments. He also delves into individual and group psychology literatures to explain why the superiority of carbon taxes seems not to be grasped by the public and its representatives. Altogether a vital contribution to this, our most important debate."
— Douglas A. Kysar, Professor of Law, Yale University
"Shi-Ling Hsu has written a thought-provoking defense of carbon taxes. His discussion of the policies, politics, and psychology of carbon taxes is highly readable and an extremely useful resource. Although the political winds in North America change from year to year, the challenge of pricing carbon is unavoidable in the long term. This book has staying power."
— Janet E. Milne, Director, Environmental Tax Policy Institute, Vermont Law School
"...Hsu's case is thoroughly documented and eloquently made."
— TreeHugger
"Shi-Ling Hsu has written a thought-provoking defense of carbon taxes. His discussion of the policies, politics, and psychology of carbon taxes is highly readable and an extremely useful resource. Although the political winds in North America change from year to year, the challenge of pricing carbon is unavoidable in the long term. This book has staying power."
— Janet E. Milne, Director, Environmental Tax Policy Institute, Vermont Law School
"A must-read for anyone concerned about the wellbeing of their children and grandchildren. An objective, clear-sighted revelation of the sine qua non for stabilizing climate and preserving a livable planet."
— James E. Hansen, Director, NASA Goddard Institute for Space Studies
"Shi-Ling Hsu's book is the most thoughtful and sweeping book on carbon taxation in existence. It is must reading for anyone interested in climate change policy. The book covers every angle, and does so with moderation and wit."
— Kevin Hassett, Director of Economic Policy Studies, American Enterprise Institute
"Who's afraid of a carbon tax? Not Shi-Ling Hsu, who builds an accessible, well-informed, and undeniably persuasive case for the superiority of carbon taxes over alternative climate change policy instruments. He also delves into individual and group psychology literatures to explain why the superiority of carbon taxes seems not to be grasped by the public and its representatives. Altogether a vital contribution to this, our most important debate."
— Douglas A. Kysar, Professor of Law, Yale University
"...Hsu's case is thoroughly documented and eloquently made."
— TreeHugger
TABLE OF CONTENTS
Untitled
Title Page
Copyright Page
Contents
Acknowledgments
Chapter 1: Introduction
Chapter 2: Climate Change Policy Alternatives
Carbon Taxes
Command-and-Control Regulation
Cap-and-Trade
Government Subsidies
Chapter 3: Ten Arguments for a Carbon Tax
One: Economic Efficiency
Two: Excessive Formation of Capital
Three: Non-Interference with Other RegulatoryInstruments or Jurisdictions
Four: Government Is Better at Reducing “Bads” ThanIncreasing “Goods”
Five: Incentives for Innovation—Price Effects
Six: Incentives for Innovation—Price Breadth
Seven: Administrability
Eight: International Coordination
Nine: Revenue Raising
Ten: Economic Efficiency Revisited: Prices versusQuantities under Uncertainty
Conclusion
Chapter 4: Arguments against a Carbon Tax
Political Economy Considerations
Regressiveness
Ineffectiveness
Crowding Out
Conclusion
Chapter 5: Carbon Tax Psychology
The “Do No Harm” Effect
The Identifiability Effect
The Endowment Effect
Conclusion
Chapter 6: Changing Political Fortunes?
Chapter 7: Conclusion
Endnotes
Index
REQUEST ACCESSIBLE FILE
If you are a student who cannot use this book in printed form, BiblioVault may be able to supply you
with an electronic file for alternative access.
Please have the accessibility coordinator at your school fill out this form.
The Case for a Carbon Tax: Getting Past Our Hang-ups to Effective Climate Policy
by Shi-Ling Hsu
Island Press, 2012 Paper: 978-1-59726-533-1 eISBN: 978-1-61091-178-8 Cloth: 978-1-59726-531-7
There's a simple, straightforward way to cut carbon emissions and prevent the most disastrous effects of climate change-and we're rejecting it because of irrational political fears. That's the central argument of The Case for a Carbon Tax, a clear-eyed, sophisticated analysis of climate change policy.
Shi-Ling Hsu examines the four major approaches to curbing CO2: cap-and-trade; command and control regulation; government subsidies of alternative energy; and carbon taxes. Weighing the economic, social, administrative, and political merits of each, he demonstrates why a tax is currently the most effective policy. Hsu does not claim that a tax is the perfect or only solution-but that unlike the alternatives, it can be implemented immediately and paired effectively with other approaches.
In fact, the only real barrier is psychological. While politicians can present subsidies and cap-and-trade as "win-win" solutions, the costs of a tax are immediately apparent. Hsu deftly explores the social and political factors that prevent us from embracing this commonsense approach. And he shows why we must get past our hang-ups if we are to avert a global crisis.
AUTHOR BIOGRAPHY
Shi-Ling Hsu is Professor at the University of British Columbia Faculty of Law. Previously, he was Associate Professor at the George Washington University Law School, Senior Attorney and Economist for the Environmental Law Institute in Washington D.C, and Deputy City Attorney for the City and County of San Francisco.
REVIEWS
"A must-read for anyone concerned about the wellbeing of their children and grandchildren. An objective, clear-sighted revelation of the sine qua non for stabilizing climate and preserving a livable planet."
— James E. Hansen, Director, NASA Goddard Institute for Space Studies
"Shi-Ling Hsu's book is the most thoughtful and sweeping book on carbon taxation in existence. It is must reading for anyone interested in climate change policy. The book covers every angle, and does so with moderation and wit."
— Kevin Hassett, Director of Economic Policy Studies, American Enterprise Institute
"Who's afraid of a carbon tax? Not Shi-Ling Hsu, who builds an accessible, well-informed, and undeniably persuasive case for the superiority of carbon taxes over alternative climate change policy instruments. He also delves into individual and group psychology literatures to explain why the superiority of carbon taxes seems not to be grasped by the public and its representatives. Altogether a vital contribution to this, our most important debate."
— Douglas A. Kysar, Professor of Law, Yale University
"Shi-Ling Hsu has written a thought-provoking defense of carbon taxes. His discussion of the policies, politics, and psychology of carbon taxes is highly readable and an extremely useful resource. Although the political winds in North America change from year to year, the challenge of pricing carbon is unavoidable in the long term. This book has staying power."
— Janet E. Milne, Director, Environmental Tax Policy Institute, Vermont Law School
"...Hsu's case is thoroughly documented and eloquently made."
— TreeHugger
"Shi-Ling Hsu has written a thought-provoking defense of carbon taxes. His discussion of the policies, politics, and psychology of carbon taxes is highly readable and an extremely useful resource. Although the political winds in North America change from year to year, the challenge of pricing carbon is unavoidable in the long term. This book has staying power."
— Janet E. Milne, Director, Environmental Tax Policy Institute, Vermont Law School
"A must-read for anyone concerned about the wellbeing of their children and grandchildren. An objective, clear-sighted revelation of the sine qua non for stabilizing climate and preserving a livable planet."
— James E. Hansen, Director, NASA Goddard Institute for Space Studies
"Shi-Ling Hsu's book is the most thoughtful and sweeping book on carbon taxation in existence. It is must reading for anyone interested in climate change policy. The book covers every angle, and does so with moderation and wit."
— Kevin Hassett, Director of Economic Policy Studies, American Enterprise Institute
"Who's afraid of a carbon tax? Not Shi-Ling Hsu, who builds an accessible, well-informed, and undeniably persuasive case for the superiority of carbon taxes over alternative climate change policy instruments. He also delves into individual and group psychology literatures to explain why the superiority of carbon taxes seems not to be grasped by the public and its representatives. Altogether a vital contribution to this, our most important debate."
— Douglas A. Kysar, Professor of Law, Yale University
"...Hsu's case is thoroughly documented and eloquently made."
— TreeHugger
TABLE OF CONTENTS
Untitled
Title Page
Copyright Page
Contents
Acknowledgments
Chapter 1: Introduction
Chapter 2: Climate Change Policy Alternatives
Carbon Taxes
Command-and-Control Regulation
Cap-and-Trade
Government Subsidies
Chapter 3: Ten Arguments for a Carbon Tax
One: Economic Efficiency
Two: Excessive Formation of Capital
Three: Non-Interference with Other RegulatoryInstruments or Jurisdictions
Four: Government Is Better at Reducing “Bads” ThanIncreasing “Goods”
Five: Incentives for Innovation—Price Effects
Six: Incentives for Innovation—Price Breadth
Seven: Administrability
Eight: International Coordination
Nine: Revenue Raising
Ten: Economic Efficiency Revisited: Prices versusQuantities under Uncertainty
Conclusion
Chapter 4: Arguments against a Carbon Tax
Political Economy Considerations
Regressiveness
Ineffectiveness
Crowding Out
Conclusion
Chapter 5: Carbon Tax Psychology
The “Do No Harm” Effect
The Identifiability Effect
The Endowment Effect
Conclusion
Chapter 6: Changing Political Fortunes?
Chapter 7: Conclusion
Endnotes
Index
REQUEST ACCESSIBLE FILE
If you are a student who cannot use this book in printed form, BiblioVault may be able to supply you
with an electronic file for alternative access.
Please have the accessibility coordinator at your school fill out this form.
It can take 2-3 weeks for requests to be filled.
ABOUT THIS BOOK | AUTHOR BIOGRAPHY | REVIEWS | TOC | REQUEST ACCESSIBLE FILE