Which of the following economic policies could reduce atmospheric carbon dioxide? subsidies for carbon neutral (or negative) energy manufactures carbon taxes emissions trading all of these
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Carbon dioxide emissions have been linked to global warming. The following table lists some possible public policies aimed at reducing the amount of carbon dioxide in the air: For each policy listed, identify whether it is a command-and-control policy (regulation), tradable permit system, corrective subsidy, or corrective tax: Policy Type 1. Command and Control Policy 2. Tradable Permit System 3. Corrective Subsidy 4. Corrective Tax Public Policy 1. Trees take carbon dioxide out of the air and convert it to oxygen, so the government funds a tree-planting initiative by offering $400 to any citizen who plants a tree. 2. The government orders every factory to adopt new technology that reduces carbon dioxide emissions into the atmosphere. 3. The government limits total carbon dioxide emissions by all factories to 150,000 tons per year. Each individual factory is given the right to emit 180 tons of carbon dioxide, and factories may buy and sell these rights in the marketplace. 4. The government charges factories $400 for every ton of carbon dioxide they emit.
Manasvee S.
Which of the following behaviors could decrease the production of greenhouse gases, and thus perhaps curb global warming? (a) using ethanol or biodiesel rather than fossil fuels to power autos (b) using coal rather than gas to warm homes (c) using solar or wind power rather than fossil fuels to produce electricity (d) all of the above (e) none of the above
Which of the following approaches to reducing greenhouse gas emissions do economists tend NOT to favour? Negative subsidies Tradeable pollution permits Command and control regulations Corrective taxes
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