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Solution for Climate Change and Economic Development

The Challenge

Climate change poses the serious challenge of carbon dioxide emission reduction. Emission control by developing countries is becoming a key for effective mitigation of climate change, as those count ...

Climate change poses the serious challenge of carbon dioxide emission reduction. Emission control by developing countries is becoming a key for effective mitigation of climate change, as those countries now account for more than a half of global emissions and are still expanding their energy infrastructure.

Reduce uncertainty for industry and consumers by implementing carbon pricing policies.

The world has to move quickly to mitigate further carbon emissions. Developed countries need to adopt either cap and trade systems or a carbon tax soon so that the cost of mitigation can be factored into future developments and current activities.

Such carbon pricing policies will also decrease uncertainty with respect to investment in many areas of economic activity. As long as there is no price on carbon emissions, alternative green technologies will continue to be disadvantaged.

    Implemen- tations

    Implementation
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    EU Emission Trading System (ETS)

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