Abstract
Carbon taxes and emissions trading systems (ETSs) are the two most popular policy tools in the global effort to achieve net-zero carbon emissions. Herein, we review empirical and theoretical research on carbon taxes and ETSs, focusing on the policies’ design, implementation, and effectiveness in various environmental and economic contexts. We provide a comprehensive comparison of the relative advantages and disadvantages of these two policies and offer insights into their future design and application. Our main conclusion is that an integrated mechanism that combines features of both policies with those of other complementary policies may be a more effective approach to emissions abatement than solitarily using either policy.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
