Cap and Trade Contains Global Warming Better Than a Carbon Tax

Robert Repetto

Challenge, 2013, vol. 56, issue 5, 31-61

Abstract: The best way to reduce greenhouse gas emissions on a sustained basis, says the author, is a cap-and-trade policy. Prices may fluctuate, but at least we get at the heart of the problem—steadily reducing emissions. A carbon tax will allow emissions to fluctuate as economic conditions cyclically turn from strong to weak and back again.

Date: 2013
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DOI: 10.2753/0577-5132560502

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