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Carbon Emissions: Cap-and-trade versus Carbon Tax (arguments): Feasibility - Is a market-based cap-and-trade system more feasible than a carbon tax?

Carbon Emissions: Cap-and-trade versus Carbon Tax (arguments): Feasibility - Is a market-based cap-and-trade system more feasible than a carbon tax?
  • Yes, it has more public support.

    Yes, a market-based cap-and-trade system is more feasible than a carbon tax, for the sole reason that the cap-and-trade system has wide international support. With the cap-and-trade system, there is a guarantee that there will be a limit to the amount of emissions in the air. Because the carbon tax has no such guarantee, it is not as popular in the international scientific community.

  • Carbon taxes are efficient

    There is almost nothing market based about the so call cap-and-trade system in vogue today. Carbon taxes are a solution to old problems straight out of an environmental economics textbook; find the cost of damage per ton of carbon (about $20/ton today according to IPCC) and subject factories/corporations/gasoline to the tax proportionally. The world may change, but the carbon tax is efficient and, above all else, fair and logical.


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