‘Recycling’ the Funds from Carbon Tax or Cap and Trade

Reducing the national emissions often involves a powerful policy tool such as carbon tax or emission trading. While many focus on the effectiveness of such measures in cutting carbon emissions, there have been some serious discussions on how to spend the money gained from tax or cap-and-trade auctions. We are talking about some BIG money here; for example, California is reaping over $2 million annually from its cap and trade, and the proceeds are expected to grow over time [1].

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