Submitted by Andy Stone, Communications Manager, Kleinman Center for Energy Policy
Two strategies stand out in the effort to reduce carbon emissions on an economy-wide scale. Carbon Cap and Trade, and Carbon Taxation, have been implemented with varying degrees of success in recent years, while taking very different approaches to reducing emissions.
The latest episode of the Kleinman Center for Energy Policy’s Energy Policy Now podcast takes a look at the mechanisms by which these strategies seek to reduce emissions, and the political and economic considerations that may make one or the other a best fit for a particular nation or region.
The episode features James Hines, Professor of Law and Economics at the University of Michigan, and an editorial adviser to the Kleinman Center.