Spash, Clive L.; Lo, Alex Y. - Volkswirtschaftliche Fakultät, … - 2011
emission trading scheme that will allow the increasing rate of emissions to continue, while being a net cost to the Treasury …. That cost extends to allowing major emitters to make guaranteed windfall profits from pollution permits. The emission … trading scheme suffers numerous problems, but the issues raised show taxes can also be watered down and made ineffectual …