Governance & Policy
Revenue Recycling
How governments spend the money raised by carbon taxes and emissions trading auctions — a decisive factor in whether carbon pricing works politically and economically.
Definition
Revenue recycling is the use of revenues raised by environmental pricing instruments — carbon taxes and auctioned emissions trading allowances — for defined public purposes: cuts to other taxes (the "double dividend" argument), lump-sum rebates or dividends to households, support for affected industries and low-income groups, or investment in clean energy, efficiency and adaptation.
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