Legal analysis compares carbon tax and cap-and-trade systems, suggesting market tools could mitigate climate change.
This presents a legal comparative analysis of two predominant price mechanisms on carbon tax schemes and emissions (ETS), also known as cap-and-trade systems. As climate change accelerates due to excessive greenhouse gas emissions (BKG), governments adopt market-based tools all over the world to internalize the external effects on the environment and to promote carbon sequestration.
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K.K.J. Ranga Dinesh (2025) studied this question.
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