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    • Laila
    • December 2nd, 2009

    Any steps made to reduce carbon emissions are aimed at increasing social welfare in society. For an economist that involves to keep markets efficient by avoiding government interference/control. The cap and trade solution is ideal from this point of view, but obviously has many flaws. But consider that a tax on carbon emission would most likely increase prices on anything that has a polluting production process, so then who would end up paying in the end? Ref. to what we talked about in class: this gives me even more reason to argue that education should be free so that we can educate geniuses that can invent better alternatives to our polluting habits!

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