Examples are given largely from the British economy but international comparisons are made. However, markets fail, leaving grounds for government intervention. This monograph is intended for economists and students taking economics-related courses.
The explanation for this cannot be economic — a carbon tax is demonstrably preferable. It is not heavily theoretical nor an abstract area of intellectual enquiry.
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An example of this is the use of emissions permits rather than a carbon tax in the European Union. Table of Contents.