ECON 330 Week 6: Cap & Trade Systems Around the World

ECON 330 Week 6: Cap & Trade Systems Around the World

ECON 330 Week 6: Cap & Trade Systems Around the World

Please note that if you edit your initial response (original post), you will not get credit for the original post. The discussions are set up as “Must post first.”

1. Read and listen to the following resources:

Economists Have a One-page Solution to Climate Change

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Resources for the Future: Carbon Pricing Explainer

Gilbert Metcalf: On the Economics of a Carbon Tax for the United States (Read Section II only – though the first section is good as well)

2. Answer all of the following questions in your initial response to the topic:

Economists generally agree that putting a price on carbon is the best approach to reducing climate warming carbon emissions. The two main strategies for doing this are carbon taxes and the cap and trade version of emissions trading.

Discuss the pros and cons to these two approaches to pricing carbon.

Why do economists favor these kinds of market-based strategies to pollution control over “command and control” approaches such technology standards?

Reflection: Include a paragraph in the initial response in your own words using microeconomics terminology, reflecting specifically on what you learned from the assignment and how you think you could apply what you learned in the workplace or in everyday life.

Your answers should be written in your own words. Don’t use quotes from the articles.

You are expected to make your own contribution in a main topic as well as respond with value-added comments to at least two of your classmates as well as to your instructor.