Policy Analysis on Climate Change
Your task is to:
- Briefly describe how a carbon tax works, discussing the recognized drawbacks and benefits, as well as explaining how it works: who pays, who benefits, why is it effective and efficient, why not;
- Briefly describe how a Renewable Portfolio Standard works, discussing the recognized drawbacks and benefits, as well as explaining how it works: who pays, who benefits, why is it effective and efficient, why not;
- Discuss which tool would be more politically feasible in the United States, and which would be better for climate change mitigation
Answer PreviewThe lawmakers, due to the increased awareness of global warming that is caused by the greenhouse gases, came up with Carbon tax. This is a pollution tax that is used to control the emission of carbon dioxide in the environment…
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