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What is Cap-and-Trade vs. Carbon Tax Debate about?

This document summarizes a working paper that examines economic theories related to economic growth, climate change, and policy approaches to reducing carbon emissions. It discusses empirical evidence that increased industrialization and globalization have led to unsustainable resource use and pollution. Two main policy approaches to reducing emissions are considered: cap-and-trade systems and carbon taxes. Economic theories of intergenerational equity and externalities are assessed to evaluate which policy

Author

vancouvertown

Language

EN