Emissions trading schemes require government to set the appropriate level of carbon tax.

Name: Emissions trading schemes require government to set the appropriate level of carbon tax.
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Emissions trading schemes do not require governments to set a specific level of carbon tax. Instead, they set a cap on the total amount of emissions allowed and allow companies to trade permits to emit within that cap, creating a market-based system for reducing emissions.

Emissions Trading Schemes Require Government to Set the Appropriate Level