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Articles by Max Franks
Why Finance Ministers Favor Carbon Taxes, Even If They Do Not Take Climate Change into Account
We assume that resource-importing countries are characterized by the same economic parameters. The model should apply to countries with comparable endowments and production technologies, which compete on international capital markets. These could be member states of the EU, or China and the USA. Each resource-importing country’s initial endowment of public and private capital is given by the same share of the initial global endowment. Table 5 summarizes the parameters used in the model.
OPINION: Let’s use carbon price dollars for sustainable development
A high-ranking official of the Nigerian finance ministry once asked me: If a carbon tax were implemented for fiscal reasons, who or what would guarantee that the revenues would be spent efficiently? It was 2015, and I had just published my first paper ever — a theory piece on the benefits of carbon taxes from a finance minister’s perspective. Yet, because I hadn’t considered implementation, I was not able at that time to give him a satisfying answer.
Mobilizing domestic resources for the Agenda 2030 via carbon pricing
We thank U. Weddige and A. Marxen for support with visualizing data, G. Schmidt-Traub, B. Wils, G. Hutton and J. Lim for support with the data, T. Hausotter of the German Federal Enterprise for International Cooperation (GIZ) for comments on an early draft of the paper, and A. Churiakova for research assistance.
"Why Finance Ministers Favor Carbon Taxes, Even if They Do Not Take Climate Change into Account"
Discussion Paper 2015-67, Harvard Project on Climate Agreements, Belfer Center for Science and International Affairs, Harvard Kennedy School Fiscal considerations may shift governmental priorities away from environmental concerns: Finance ministers face strong demand for public expenditures such as infrastructure investments but they are constrained by international tax competition.
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