Hurdles to legislation based carbon emission reduction schemes

Open Access
Author:
Brillman, Alexander Zevin
Area of Honors:
Economics
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
  • Russell Paul Chuderewicz, Honors Advisor
  • Mark John Roberts, Thesis Supervisor
Keywords:
  • carbon tax
  • cap and trade
Abstract:
Carbon dioxide emissions are extremely problematic and are a major contributor to climate change. The Earth’s nations are becoming increasingly aware of this change, and some regions of the world have tried to implement a system to try control carbon emissions, with varying degrees of success. Most of these systems are in the form of a cap and trade system or a carbon tax. There are many obstacles to successfully implementing one of these plans, and certain conditions must be obtained in order to smoothly transition into a lower carbon economy. In this paper, the “do’s and don’t’s” of carbon reduction schemes are examined.