Carbon tax and economic crisis: the need to change the current production model

Authors

  • Cristina García Fernández Universidad Complutense de Madrid

DOI:

https://doi.org/10.14422/icade.i93.y2014.008

Keywords:

climate change, carbon tax, economic efficiency, economic crisis, costs of reducing carbon emissions and preventive economic policies

Abstract

In the current context of economic crisis the level of efficiency becomes extremelyimportant. We need to be efficient and more sustainable to save on production costs but this goal cannot be achieved without changing the currentproduction model.The carbon tax is an incentive that has a double advantage. First, it is anefficient option to palliate climate change as it is able to achieve emission reductions without incurring in excessive costs. Second, is in itself, an incentive to achieve a gradual change towards a more sustainable production system, which is no doubt a claim for the current crisis. The purpose of this paper is, therefore,to analyze the case of the carbon tax, for being the incentive that implements greater efficiency in the market and for constituting an effective option for palliation the current global crisis negative effects.

Author Biography

Cristina García Fernández, Universidad Complutense de Madrid

Departamento de Economía Aplicada V

References

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Published

2014-12-01

How to Cite

García Fernández, C. (2014). Carbon tax and economic crisis: the need to change the current production model. Icade. Journal of the Faculty of Law at Universidad Pontificia Comillas, (93), 177–206. https://doi.org/10.14422/icade.i93.y2014.008