According to an article in the New York Times: “Top economists agree a tax on fuels and the carbon they spew into the atmosphere would be the cheapest way to combat climate change.” Why would a carbon tax be a cheaper way to reduce carbon dioxide emissions than the command-andcontrol approach of ordering utilities to emit less carbon dioxide and automobile companies to produce more fuelefficient cars?

Introduction to Chemical Engineering Thermodynamics
8th Edition
ISBN:9781259696527
Author:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Publisher:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
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According to an article in the New York Times: “Top economists agree a tax on fuels and the carbon they spew into the atmosphere would be the cheapest way to combat climate change.” Why would a carbon tax be a cheaper way to reduce carbon dioxide emissions than the command-andcontrol approach of ordering utilities to emit less carbon dioxide and automobile companies to produce more fuelefficient cars?

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Carbon dioxide is released into the atmosphere and causes various harmful effects. The major harmful effect of carbon emissions is the greenhouse effect. The temperature of Earth has been increasing due to the increasing greenhouse gases. It is the need of the hour to combat the effect of carbon dioxide. 

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