| In December, representatives from almost 200 countries will meet in Paris to sign a new global climate treaty. What can governments do to cut back on greenhouse gas emissions? For governments, carbon emissions reduction options fit into three broad categories. The first is the provision of direct subsidies or tax deductions for industries that move to a low carbon profile.
The second is through regulation—legislating standards for vehicle fuel efficiency, for example. The third area involves putting a price on carbon through the establishment of market-based mechanisms. In recent decades, many governments have gone for some combination of all three...............................................Full Article: Source
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