Economics climate

L. T.; R. J. C.
May 2008
OECD Observer;May/Jun2008, Issue 267, p39
Academic Journal
The article discusses the significance of industrial markets instruments in mitigating climatic changes worldwide. Due to the detrimental effects of global warming, governments in various countries are looking for ways to address the situation. Experts believed that market based instruments play a vital part in solving the problem because by providing taxes and carbon trading, companies and institutions are motivated to find means of reducing its emissions. The Organization for Economic Co-operation & Development (OECD) believes that aside from imposing taxes and carbon trading, regulations, voluntary and sectorl approaches are needed in addressing the issue.


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