Market-based mechanisms that limit greenhouse gas (GHG) emissions
can be divided into two types: quantity control (e.g.,
cap-and-trade) and price control (e.g., carbon tax or fee). To some
extent, a carbon tax and a cap-and-trade program would produce
similar effects: Both are estimated to increase the price of fossil
fuels, which would ultimately be borne by consumers, particularly
households. Although there are multiple tools available to
policymakers that could control GHG emissionsa "including existing
statutory authoritiesa "this report focuses on a carbon tax
approach and how it compares to its more frequently discussed
counterpart: cap-and-trade. If policymakers had perfect information
regarding the market, either a price (carbon tax) or quantity
control (cap-and-trade system) instrument could be designed to
achieve the same outcome. Because this market ideal does not exist,
preference for a carbon tax or a cap-and-trade program ultimately
depends on which variable one wants to controla "emissions or
costs. Although there are several design mechanisms that could blur
the distinction, the gap between price control and quantity control
can never be completely overcome. A carbon tax has several
potential advantages. With a fixed price ceiling on emissions (or
their inputsa "e.g., fossil fuels), a tax approach would not cause
additional volatility in energy ...
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
(7)
(1)
