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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Green Taxation Theory in Practice
T2 - The 2012 Reforms of the Carbon Reduction Commitment
AU - Lawton, Amy
PY - 2016/6
Y1 - 2016/6
N2 - In light of the increasing focus on Greenhouse Gases (GHG), this article seeks to put green tax theory into practice by analysing the 2012 reforms of the Carbon Reduction Commitment (CRC). It is a scheme that targets high carbon-emitting organisations which do not fall within either the European Emissions Trading Scheme or the Climate Change Agreements. It is a scheme, therefore, that fills an important lacuna in the emissions reducing toolbox. Little academic attention has been spent considering the CRC, which started in 2010 and which has been accused of being an administrative burden on both participants and the regulator. The CRC has received extensive scrutiny from industry following a consultation in 2012 which proposed the simplifying reforms. The article considers both the principles of effective taxation, alongside a narrower study of effective green taxation and in doing so outlines four factors of an effective emissions tax: comprehensiveness, certainty of emissions reduction, flexibility and administrative costs. It is using these four factors that the author conducts a deep and thick analysis of the reforms, using a cost-benefit analysis approach, in order to determine whether the CRC has become a more efficient environmental tax.
AB - In light of the increasing focus on Greenhouse Gases (GHG), this article seeks to put green tax theory into practice by analysing the 2012 reforms of the Carbon Reduction Commitment (CRC). It is a scheme that targets high carbon-emitting organisations which do not fall within either the European Emissions Trading Scheme or the Climate Change Agreements. It is a scheme, therefore, that fills an important lacuna in the emissions reducing toolbox. Little academic attention has been spent considering the CRC, which started in 2010 and which has been accused of being an administrative burden on both participants and the regulator. The CRC has received extensive scrutiny from industry following a consultation in 2012 which proposed the simplifying reforms. The article considers both the principles of effective taxation, alongside a narrower study of effective green taxation and in doing so outlines four factors of an effective emissions tax: comprehensiveness, certainty of emissions reduction, flexibility and administrative costs. It is using these four factors that the author conducts a deep and thick analysis of the reforms, using a cost-benefit analysis approach, in order to determine whether the CRC has become a more efficient environmental tax.
KW - Carbon tax
KW - environment
KW - greenhouse gases
KW - carbon reduction commitment
U2 - 10.1177/1461452916646658
DO - 10.1177/1461452916646658
M3 - Journal article
VL - 18
SP - 126
EP - 141
JO - Environmental Law Review
JF - Environmental Law Review
SN - 1740-5564
IS - 2
ER -