Economists prefer an emissions trading scheme to other carbon reduction measures because:

Question

Quizplus · Accepted Answer

Economists prefer an emissions trading scheme because it gives all parties involved more flexibility and more control over their own decisions. Unlike other carbon reduction measures, an ETS provides economic incentives for reducing emissions while allowing companies to choose the most cost-effective way to do so. This market-based approach can lead to more efficient emission reduction and serves as a powerful tool to limit greenhouse gas emissions.

Economists Prefer an Emissions Trading Scheme to Other Carbon Reduction