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Cap and Trade Contains Global Warming Better Than a Carbon Tax

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  • Robert Repetto

Abstract

The best way to reduce greenhouse gas emissions on a sustained basis, says the author, is a cap-and-trade policy. Prices may fluctuate, but at least we get at the heart of the problem—steadily reducing emissions. A carbon tax will allow emissions to fluctuate as economic conditions cyclically turn from strong to weak and back again.

Suggested Citation

  • Robert Repetto, 2013. "Cap and Trade Contains Global Warming Better Than a Carbon Tax," Challenge, Taylor & Francis Journals, vol. 56(5), pages 31-61.
    • Handle: RePEc:mes:challe:v:56:y:2013:i:5:p:31-61
    DOI: 10.2753/0577-5132560502
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    Cited by:

    1. Annageldy Arazmuradov, 2016. "Economic prospect on carbon emissions in Commonwealth of Independent States," Economic Change and Restructuring, Springer, vol. 49(4), pages 395-427, November.

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