Abstract
Economic growth and the globalization of goods and capital flows led to an unsustainable level in the consumption of natural resources. This entailed a steady increase of pollution and climate change. The work of the Intergovernmental Panel of Climate Change (IPCC) was crucial in the dissemination of these findings and in the discussion leading to the Kyoto Protocol (IPCC 2006, 2007). One of the protocol’s controversial aspects was the choice of policy instruments in the curbing of carbon emissions. Generally speaking, two approaches seem to be favored: „cap-and-trade“ implying a trading of emission rights and „carbon tax“ implying a taxation of emissions.
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Nell, E., Semmler, W., Rezai, A. (2011). Economic Growth and Climate Change: Cap-And-Trade or Emission Tax?. In: Altvater, E., Brunnengräber, A. (eds) After Cancún. VS Verlag für Sozialwissenschaften. https://doi.org/10.1007/978-3-531-94018-2_5
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DOI: https://doi.org/10.1007/978-3-531-94018-2_5
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