Yanpeng li

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Yanpeng li

  1. 1. Can emissions trading system reduce emissions more effectivethan emissions tax? Presented by Yanpeng Li 366331
  2. 2. Background • Emissions Trading • Emissions Tax
  3. 3. Effectivenessto reduce emissions • Total reduction guaranteed • Profit driven • New technology application
  4. 4. • A cap-and-trade system incentivizes reductions in carbon emissions where it can be done most efficiently • An effective cap-and-trade system helps reduce economic costs caused by carbon emissions • Cap-and-trade is more flexible in the interconnected global economy Emissiontrading systemis more economicalthan emissiontax
  5. 5. Fairnesstoproducers:Isacap-and-tradeapproachmore fairtoproducersthanacarbontax? • Vulnerable groups • Rewards "efficient"-polluters while punishing "non-efficient" polluters
  6. 6. Counterarguments • Emission trading would damage economy while carbon tax would not • Emissions trading doesn't ensure reductions in local emissions • Complicated cap-and-trade system requires costly administration
  7. 7. Conclusion

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