GLY 102 Lecture Notes - Lecture 26: Carbon Offset, Carbon Tax

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9 May 2018

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Lecture 26 Mitigation of Carbon Emissions

Feasibility analysis of geoengineering techniques

If we do geoengineer humanity will use the method that is most beneficial

and least cost

Sulfate aerosols is the best option

Not only do we need to stabilize emissions, we must reduce emissions

How should we solve the tragedy of the commons problem?

Access each herder a tax per animal

Command and control

- Government control

- Conventional approach

- Using free market can lower costs and lower emissions quickly

Cap and trade: government sets the quantity

- Sets a limit

- Given permits

- Trade allowances

Carbon tax: government sets the price

Carbon offset: actions that indirectly remove emitted greenhouse gases

from the atmosphere

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