Policymakers have many options, however, for giving businesses and households an economic incentive to reduce emissions. ... A tax would limit the cost of cutting emissions but would leave the amount of C02 emitted in a given year uncertain. ... The design of a cap could be modified in various ways to make it more flexible and to adopt some of the characteristics of ... with a half-life of about 60 years.1 Estimating the benefits of cutting emissions is complicated by that long-term effect.
|Title||:||Policy Options for Reducing CO2 Emissions|
|Publisher||:||Government Printing Office - 2008|