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Jared Carbone

Submitted by mives on Mon, 08/26/2013 - 9:12am

Jared Carbone joined the Department of Economics in 2008.  He is an Associate Professor at the University of Calgary and a Nonresident Fellow at Resources for the Future, an environmental economics and policy research institute in Washington, DC.  He also currently serves as an Associate Editor at Environmental and Resource Economics and as a member of the Editorial Council at the Journal of Environmental Economics and Management the two top academic journals in the field of environmental and resource economics.  He completed a PhD in Economics at the University of Colorado in 2003 and spent time at North Carolina State University and Williams College before joining the U of C.

Jared’s research focuses primarily on evaluating the economy-wide impacts of environmental regulations and the use of applied general equilibrium models to address these problems. Some of this work focuses on international trade and regulatory responses to global warming, trying to understand how trade in fossil fuels and pollution-intensive manufactured goods affects the efficacy of one country or region’s attempt to regulate global carbon emissions.  In a series of recent studies, Jared and his co-authors (Christoph Boehringer of the University of Oldenburg and Thomas Rutherford of the University of Wisconsin) study the idea of taxing imports of these “dirty goods” based on the pollution content of their production processes.  These environmental tariffs have received significant attention in global warming policy discussions recently as a possible alternative to establishing a comprehensive, international agreement to limit emissions of greenhouse gases, a goal which remains elusive.  Jared’s work suggests that these tariffs are likely to be effective at reducing emission levels in unregulated countries, but that they do so at a very high cost to the world economy – particularly to those countries whose exports are subjected to the tariffs.  One implication is that these policy measures might be more effective as a bargaining tool in establishing an international agreement to limit emission levels than as a direct form of regulation.

Other work examines environmental taxation and fiscal reform, aiming to understand the interplay of the environmental and revenue-raising potentials of different configurations of the tax system.  A recent study with colleagues at Resources for the Future (Dallas Burtraw, Dick Morgenstern and Rob Williams) looks at how much revenue a new carbon tax in the United States could raise and how best to use that revenue.  The study shows that carbon taxes are capable of raising a significant amount of revenue, which applied to either drawing down the federal deficit or reducing capital tax rates in the US could result in a “win-win” situation – delivering environmental benefits through the tax’s effect on carbon emission levels and improving the efficiency of the fiscal system.  However, the experiments also demonstrate that the distribution of the costs and benefits of these reforms across different constituencies could make them politically challenging to undertake.

 

Jared teaches courses on environmental economics, international trade and computational techniques in economics to both undergraduate and graduate students in the economics department.

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