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Combating Global Climate Change: Why a Carbon Tax is Better Than Cap and Trade

Access to new resource related to solving global problems added to PMWL

Resource provided by Sagar Gogate

21 March 2019 – Mumbai, India – Access to a new resource has been added to the PM World Library (PMWL) related to solving global problems. The new resource is titled “Combating Global Climate Change: Why a Carbon Tax Is a Better Response to Global Warming Than Cap and Trade”. It is authored by Reuven S. Avi-Yonah and David M. Uhlmann, professors at University of Michigan Law School and published in 2009.

Climate change is the most important environmental issue that compels global leaders to work together. There is no doubt that global warming is happening and human activity is the root cause of it. A cap and trade system was proposed during 2008 poll campaign by both the major party candidates in the US. The popularity of a cap and trade system shows that it offers something to everyone. For environmentalists, cap and trade promise a declining cap on the carbon dioxide emissions and for industry groups, it offers the possibility of a new market in carbon allowances and business opportunities for companies who can reduce their carbon dioxide emissions.

Part I of this Article analyses global climate change and explains the inadequate efforts taken historically towards its mitigation, particularly the long list of inactions in the USA. Part II suggests alternatives for greenhouse gases especially carbon dioxide. Though the cap and trade system is popular, Part III explains why carbon tax could be an even more effective solution to tackle the climate change problem. Suggestions assert that a carbon tax can be simpler in implementation, more transparent and less vulnerable to abuse.

To access this new resource, go to the “Solving Global Problems” section of the library at click on “Clean Air - Pollution Reduction”, scroll down to resource. Must be a registered member and logged-in to access.

This new resource provided through the PMWL university research internship program; to learn more, click here