Intergovernmental Panel on Climate Change (IPCC)

IPCC (2018), Summary for Policymakers of IPCC Special Report on Global Warming of 1.5ºC approved by governments; Chapter 4: Strengthening and implementing the global respons. 

"Third, ‘revenue neutral’ recycling, at a constant share of taxes on GDP, into lowering some existing taxes compensates at least part of the propagation effect of higher energy costs (Stiglitz et al., 2017). The substitution by carbon taxes of taxes that cause distortions on the economy can counteract the regressive effect of higher energy prices. For example, offsetting increased carbon prices with lower labour taxes can potentially decrease labour costs (without affecting salaries), enhance employment and reduce the attractiveness of informal economic activity (Goulder, 2013)."