Agriculture contributes significantly to greenhouse gas emissions, but is often excluded from carbon pricing frameworks. This column analyses how different tax policies can be used to address emissions in agriculture, while considering the impact on producer competitiveness and distributional effects across households. It shows that demand-side tax measures, such as VAT adjustments based on greenhouse gas emissions, can balance environmental and socioeconomic concerns. To avoid adverse distributional consequences on lower-income households, such a policy should be combined with a revenue recycling mechanism.
Source : VOXeu
When we picture engines of economic growth and job creation, we tend to think of…
Two-thirds of the income gap between developed and developing countries can be attributed to disparities…
Precious metal prices declined in 2026Q2 (q/q) after 14 consecutive months of gains through February,…
The Wall Street Journal recently published a sobering account of microfinance's shortcomings, documenting troubling cases…
Valuation losses can build quickly in response to higher interest rates, as demonstrated by the…
Trust in official economic statistics has become an increasingly salient policy issue, including in the…