Can a Green Tax Reform Entail Employment Double Dividend? A Systematic Literature Review of Empirical Findings


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Presenter:  Mr. Maxim Rahman

Date: May 26, 2017

Time: 12:00pm to 1:00pm

Contact person:  LEBA, Marelle Lee
T: 8946 8815
E: Marelle.Lee@cdu.edu.au

Location:  CDU Waterfront Campus, Room: WFD 5.03

Global warming and climate change started getting increased amount of scholarly attention since 1988 when NASA climate scientist James Hansen testified at a Senate Energy Committee hearing that global temperature rise was underway and that human produced greenhouse gases (GHG) were almost certainly responsible. Since then, due to the combined effort of intellectual and scientific community, global paradigm has been shaped by carbon pricing, Kyoto Protocol and recently by Paris Agreement, and shifted towards a more sustainable growth regime. However, the target set by IPCC (Intergovernmental Panel on Climate Change) that is to reduce GHG emission by 50% compared to 1990 level seems extremely daunting given the current progress. The quest is still on to find an efficient arrangement that can speed up the process with minimal economic cost. Several types of ecological taxes and market based cap and trade system have been proposed and introduced by the economists in response to the global warming and climate change issues over the past two decades. There is extensive debate between the proponents and critiques of tax based and market based approaches as both have their inherent pros and cons. The arguments in favour of tax regime are predominantly based on the Double Dividend (DD) hypothesis, which has various forms but the underlying notion is that a Green Tax Reform (GTR) can bring multiple economic benefits.  European economists predominantly paid more emphasis in entailing a GTR which can effectively solve two problems, the environmental issues along with unemployment; often regarded as the ‘employment double dividend’. Given the current global macroeconomic trend, the idea of a system that can kill two birds (pollution and unemployment) with one stone is a breath of fresh air. This presentation will demonstrate the existing empirical evidences in favour of ‘employment double dividend’, highlight the gaps in the literature and give direction for future research.

Speaker Bio:

Maxim Rahman is a graduate with distinction of Western Sydney University and currently a PhD researcher at Charles Darwin University, faculty of LEBA. He worked as a Senior Lecturer of finance at East West University, Bangladesh before embarking his journey as a PhD researcher here at CDU. Along with teaching, he has worked as a consultant in various World Bank funded projects. Maxim is a member of Golden Key Honour Society and Finance & Treasury Association (FTA), Australia. He has a wide array of research interests including environmental taxation, behavioural finance, portfolio management and education.

A light lunch will be provided. For catering purposes, please contact Marelle Lee (Marelle.Lee@cdu.edu.au) by  May 24 COB.