Why would a global carbon tax be desirable?
What will be an ideal response?
Since carbon emissions are a transboundary problem, solutions must be global rather than individual. A harmonized global carbon tax could be adjusted up when estimates of future damage increase in severity and adjusted down if the damage is understood to be less than previously thought, which also reduces some of the problems with the uncertainty related to determining an appropriate global response.
You might also like to view...
The cost of inflation to society includes I. the opportunity costs of resources used by people to protect themselves against inflation. II. the diversion of productive resources to forecasting inflation
A) I only B) II only C) both I and II D) neither I nor II
A tax rebate by the government would
A) increase your pretax income, but not your disposable income. B) increase your disposable income, but not your pretax income. C) decrease your pretax income, but not your disposable income. D) decrease your disposable income, but not your pretax income.