Carbon Tax Is Cheapest Way To Reduce CO2, Study Says

Law360, New York (November 4, 2013, 2:05 PM EST) -- An Organization for Economic Cooperation and Development study released Monday found that carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, with the OECD encouraging countries to make these policies the center of efforts to regulate climate change.

After studying and comparing the climate change policies of the 15 countries that generate the largest CO2 emissions, the OECD report found taxes and carbon trading systems trumped other policies such as subsidies and feed-in tariffs in relation to money spent to...
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