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Optimal energy taxation for sustainable development in Korea

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Frame of Image in most countries where various development strategies have been implemented. In this milieu, the sustainability condition has become an important issue since environmental conservation has been emphasized in the studies of economic growth with sustainability. From this point of view, the double dividend hypothesis shows us how environmental protection and economic growth can be reconciled in terms of welfare. The double dividend hypothesis claims that environmental tax can improve simultaneously environmental quality and economic efficiency if the revenue from environmental taxation is used to reduce the efficiency burden of pre-existing distortionary taxation. Energy taxes are generally distortionary and regressive even though it can correct externalities. However, it provides policy remedies for the market failure in energy sector. Double dividend hypothesis suggest us how those energy taxes or subsidies can be used to encourage energy conservation or increase the supply of alternative fuels. Main purpose of this research is to investigate about how to use energy tax system to reconcile environmental protection and economic growth, and promote sustainable development with the emphasis of double dividend hypothesis in Korea. As preliminary work to attain this target, this study will investigate what are the specific conditions under which double dividend hypothesis can be valid, and set up the basic model for optimal energy taxation in terms of overall welfare. The model wi


Full Text
Title Optimal energy taxation for sustainable development in Korea
Similar Titles
Material Type Reports
Author(English)

Pak, Yongduk

Publisher

[Uiwang]:Korea Energy Economics Institute

Date 2002
Pages 104
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Energy
Territorial Development < Environment
Holding Korea Energy Economics Institute

Abstract

One of the most enduring problems which we face in 21st century is the continuous deterioration of natural environment. The concerns about environmental deterioration and natural resource depletion has driven many economic development strategies into the controversial and vulnerable plans in most countries where various development strategies have been implemented. In this milieu, the sustainability condition has become an important issue since environmental conservation has been emphasized in the studies of economic growth with sustainability. (The rest omitted)