An alternative approach to carbon tax is:

Question

Quizplus · Accepted Answer

Regulation is an alternative approach to carbon tax that involves setting rules and guidelines for reducing emissions rather than imposing a monetary penalty. This can include setting emissions standards for industries, mandating the use of renewable energy sources, and incentivizing the adoption of more sustainable practices. While it may not generate revenue like a carbon tax, regulation can be a powerful tool for encouraging behavior change that leads to greenhouse gas reductions. Additionally, regulation can help level the playing field for businesses that may struggle to compete with higher-emitting industries under a carbon tax.

An Alternative Approach to Carbon Tax Is