"In December 1997, 160 nations meeting in Kyoto, Japan agreed to cut back emissions of carbon dioxide and other greenhouse gases. While ratified by only a very small number of countries so far, the "Kyoto Protocol" calls for industrial countries to reduce their average emissions during 2008-12 to about 5 percent below 1990 levels. This pamphlet examines the relative merits of these two major economic instruments for reducing pollution - "green" taxes and tradable permits. While many - particularly European - countries now have long-term programs involving green taxes in place, a willingness to experiment with tradable permits seems to be growing, especially given the Kyoto Protocol emission targets."--Document
Notes
Guillermo and Michèle de la Dehesa Legacy Collection
"This Economic Issue is based on IMF Working Paper 00/13 "Taxes and tradable permits as instruments for controlling pollution: theory and practice"--Pref (iii)
"Published December 2000."
Title from HTML file as viewed on 23 Nov 2005
"November 12, 2001"--Electronic information screen
