01799cas a2200241 a 4500 AALejournalIMF002118 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451947847 1018-5941 BD-DhAAL BD-DhAAL Herber, Bernard. International Environmental Taxation in the Absence of Sovereignty / Bernard Herber. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Traditional public finance theory may be applied to the internalization of international environmental externalities. The policy constraint imposed by the absence of sovereign international government may be partially overcome through international environmental agreements. Instruments such as cost sharing, found in existing agreements, are generally unsophisticated. Two proposals entailing improved instruments are considered: (a) an international carbon tax, and (b) a global commons trust fund financed by earmarked excise taxes or charges. Political realities appear to preclude the early adoption of sophisticated international environmental taxes, but modest improvements in the design and implementation of existing instruments may be feasible. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1992/104 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/104/001.1992.issue-104-en.xml IMF e-Library