Chapter 8 in Tietenberg and Lewis looks at climate change, the most important environmental issue of our time. Economists generally agree that putting a price on carbon is the best approach to reducin


Chapter 8 in Tietenberg and Lewis looks at air veer, the most great environmental progeny of our interval. Economists generally concur that putting a worth on carbon is the best mode to reducing air warming carbon emissions. The two ocean strategies for doing this are carbon taxes and the cap and exchange statement of emissions trading. Discuss the pros and cons to these two modees to pricing carbon. Why do economists condescension these kinds of market-based strategies to soilure curb aggravate “command and curb” modees such technology standards?

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