Question

In the absence of a worldwide agreement to reduce $\mathrm{CO}_2$ through a carbon tax, how effective might it be if just one country, or a small number of countries, instituted a tax unilaterally?

   In the absence of a worldwide agreement to reduce $\mathrm{CO}_2$ through a carbon tax, how effective might it be if just one country, or a small number of countries, instituted a tax unilaterally?

Environmental economics : an introduction

Environmental economics : an introduction

Barry C Field,… 7th Edition

Chapter 18, Problem 2

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The main goal of a carbon tax is to lower greenhouse-gas emissions. The tax is designed to incorporate the cost of the externalities (like environmental damage) associated with carbon emissions into the price of fossil fuels, which should lead to a decrease in Show more…

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In the absence of a worldwide agreement to reduce $\mathrm{CO}_2$ through a carbon tax, how effective might it be if just one country, or a small number of countries, instituted a tax unilaterally?

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