Economists generally agree that ____ are the best way for governments to reduce greenhouse gases to address climate change.

Question

Quizplus · Accepted Answer

Market-based incentives, such as carbon taxes or cap-and-trade systems, provide economic incentives for individuals and firms to reduce their greenhouse gas emissions. This approach allows for flexibility and innovation in how emissions are reduced, while also creating a market for low-carbon technologies and products. Military actions, subsidies for offshore oil exploration, and direct pollution controls are not effective or efficient ways to reduce greenhouse gases.

Economists Generally Agree That ____ Are the Best Way for Governments