Briefly describe how a carbon tax works, discussing the recognized drawbacks and benefits, as well as explaining how it works

Briefly describe how a carbon tax works, discussing the recognized drawbacks and benefits, as well as explaining how it works

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 Preview………………

Carbon Tax

The lawmakers, due to the increased awareness of global warming that is caused by the greenhouse gases, came up with Carbon tax. This is a kind of pollution tax meant to manage the emission of carbon dioxide in the environment. In order to be able to do this carbon tax levies some fee on the production, distribution and usage of fossil fuels. This fee is calculated based on how much the emission is done by their combustion….

APA

1297 words

Get instant access to the full solution from yourhomeworksolutions by clicking the purchase button below