Taxing interacting externalities of ocean acidification, global warming, and eutrophication
We model a stylized economy dependent on agriculture and fisheries to study optimal environmental policy in the face of interacting external effects of ocean acidification, global warming, and eutrophication. This allows us to capture some of the latest insights from research on ocean acidification....
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ftpotsdamik:oai:publications.pik-potsdam.de:item_25708 2023-10-29T02:39:04+01:00 Taxing interacting externalities of ocean acidification, global warming, and eutrophication Hänsel, M. van den Bergh, J. 2021-09-09 application/pdf https://publications.pik-potsdam.de/pubman/item/item_25708 https://publications.pik-potsdam.de/pubman/item/item_25708_1/component/file_25773/25708oa.pdf unknown info:eu-repo/semantics/altIdentifier/doi/10.1111/nrm.12317 https://publications.pik-potsdam.de/pubman/item/item_25708 https://publications.pik-potsdam.de/pubman/item/item_25708_1/component/file_25773/25708oa.pdf info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by/4.0/ Natural Resource Modeling info:eu-repo/semantics/article 2021 ftpotsdamik https://doi.org/10.1111/nrm.12317 2023-09-30T18:00:19Z We model a stylized economy dependent on agriculture and fisheries to study optimal environmental policy in the face of interacting external effects of ocean acidification, global warming, and eutrophication. This allows us to capture some of the latest insights from research on ocean acidification. Using a static two-sector general equilibrium model we derive optimal rules for national taxes on urn:x-wiley:08908575:media:nrm12317:nrm12317-math-0001 emissions and agricultural run-off and show how they depend on both isolated and interacting damage effects. In addition, we derive a second-best rule for a tax on agricultural run-off of fertilizers for the realistic case that effective internalization of urn:x-wiley:08908575:media:nrm12317:nrm12317-math-0002 externalities is lacking. The results contribute to a better understanding of the social costs of ocean acidification in coastal economies when there is interaction with other environmental stressors. Article in Journal/Newspaper Ocean acidification Publication Database PIK (Potsdam Institute for Climate Impact Research) Natural Resource Modeling 34 3 |
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Open Polar |
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Publication Database PIK (Potsdam Institute for Climate Impact Research) |
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ftpotsdamik |
language |
unknown |
description |
We model a stylized economy dependent on agriculture and fisheries to study optimal environmental policy in the face of interacting external effects of ocean acidification, global warming, and eutrophication. This allows us to capture some of the latest insights from research on ocean acidification. Using a static two-sector general equilibrium model we derive optimal rules for national taxes on urn:x-wiley:08908575:media:nrm12317:nrm12317-math-0001 emissions and agricultural run-off and show how they depend on both isolated and interacting damage effects. In addition, we derive a second-best rule for a tax on agricultural run-off of fertilizers for the realistic case that effective internalization of urn:x-wiley:08908575:media:nrm12317:nrm12317-math-0002 externalities is lacking. The results contribute to a better understanding of the social costs of ocean acidification in coastal economies when there is interaction with other environmental stressors. |
format |
Article in Journal/Newspaper |
author |
Hänsel, M. van den Bergh, J. |
spellingShingle |
Hänsel, M. van den Bergh, J. Taxing interacting externalities of ocean acidification, global warming, and eutrophication |
author_facet |
Hänsel, M. van den Bergh, J. |
author_sort |
Hänsel, M. |
title |
Taxing interacting externalities of ocean acidification, global warming, and eutrophication |
title_short |
Taxing interacting externalities of ocean acidification, global warming, and eutrophication |
title_full |
Taxing interacting externalities of ocean acidification, global warming, and eutrophication |
title_fullStr |
Taxing interacting externalities of ocean acidification, global warming, and eutrophication |
title_full_unstemmed |
Taxing interacting externalities of ocean acidification, global warming, and eutrophication |
title_sort |
taxing interacting externalities of ocean acidification, global warming, and eutrophication |
publishDate |
2021 |
url |
https://publications.pik-potsdam.de/pubman/item/item_25708 https://publications.pik-potsdam.de/pubman/item/item_25708_1/component/file_25773/25708oa.pdf |
genre |
Ocean acidification |
genre_facet |
Ocean acidification |
op_source |
Natural Resource Modeling |
op_relation |
info:eu-repo/semantics/altIdentifier/doi/10.1111/nrm.12317 https://publications.pik-potsdam.de/pubman/item/item_25708 https://publications.pik-potsdam.de/pubman/item/item_25708_1/component/file_25773/25708oa.pdf |
op_rights |
info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by/4.0/ |
op_doi |
https://doi.org/10.1111/nrm.12317 |
container_title |
Natural Resource Modeling |
container_volume |
34 |
container_issue |
3 |
_version_ |
1781065687595220992 |