Economists offer two major potential policies to reduce our greenhouse gas emissions: pollution taxes and cap-and-trade programs.  Which do you think would be most effective at reducing emissions?  Discuss the pros and cons of each, as well as the difference between the two policies.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter1: The Economic Approach
Section: Chapter Questions
Problem 14CQ: Should the United States attempt to reduce air and water pollution to zero? Why or why not?
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Economists offer two major potential policies to reduce our greenhouse gas emissions: pollution taxes and cap-and-trade programs. 

Which do you think would be most effective at reducing emissions?  Discuss the pros and cons of each, as well as the difference between the two policies.

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