This report discusses the efficacy and potential problems of carbon taxes as a response to climate change.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | CATO Institute |
| Publication date: | November 30, 2021 |
| Authors: | Jeffrey Miron, Pedro Braga Soares |
| Geographic focus: | United States |
| Page count: | 8 |
The research method involves a critical analysis of existing government policies on carbon emissions, an examination of economic principles related to externalities and market transactions, and an evaluation of the potential benefits and drawbacks of implementing a carbon tax.
(Generated with the help of GPT-4)
The report examines the role of policymakers in addressing climate change through carbon emissions reduction. It critiques current government interventions as inefficient and suggests that a carbon tax might be a better alternative. However, it also acknowledges that real-world carbon taxes have their own shortcomings, such as difficulty in setting the correct tax level, potential for economic leakage, and political challenges. The report concludes that despite the theoretical appeal of a carbon tax, the practical difficulties may make it less effective than expected, and in some cases, doing nothing might be the best policy.
(Generated with the help of GPT-4)