With global warming and climate change increasing, what can we do to tackle this problem? This album explores the economics of lowering carbon emissions and how Britain is tackling this problem, through expert analysis and opinions on carbon taxes, carbon reduction, renewable energy and environmental damage. This material forms part of The Open University course DD309 Doing economics: people, markets and policy.
Track 2: Carbon reduction
A look at how we can reduce carbon omissions in the environment.
The audio discusses reducing carbon emissions to combat global warming, focusing on Britain’s approach. Genuine reduction involves cleaner energy, while outsourcing production to countries with fewer targets can increase global emissions. Planners emphasize carbon consumption over production. Governments can reduce emissions via carbon taxes or tradeable permits, with taxes theoretically more efficient but politically challenging. The European Union uses a permit system for feasibility, balancing environmental goals, business interests, and political approval. High carbon taxes could decarbonize economies quickly, but distributional effects make implementation difficult. Ultimately, effective climate action requires considering both economic and social impacts.
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