A Global Carbon Tax or Cap-and-Trade? Part 1: The Economic Arguments

If you could choose how to curb greenhouse gas emissions, would you choose a carbon tax or cap-and-trade? Environmental economists have long debated this question, and it will be on many people’s minds in the run up to the climate meetings at which world leaders will attempt to reach agreement on how to limit global warming to 2°C in Lima (December 2014) and Paris (November–December 2015). This article by the Center for Global Development cites research by the Nicholas Institute's Billy Pizer.

Read the Full Article