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Quote by: Technosoul  What about rasing the standards allowed for carbon emmisions? With a fine for violators and a possible "shut down notice" for those who refuse to co-operate? Would that work as well? |
Economic theory suggests that the most efficient means of reducing carbon emissions is a blanket tax. That minimizes market distortion by pricing carbon emissions at as close to their true cost as possible. So no, it wouldn't work as well.