[Solution]Establishment of Carbon tax

The carbon tax was proposed by the Lawrence Summers, and George Shultz as the inevitable climate solution and a strategy for lowering carbon emissions into…

The carbon tax was proposed by the Lawrence Summers, and George Shultz as the inevitable climate solution and a strategy for lowering carbon emissions into the atmosphere (Shultz & Summers, 2017). Since the policy was established, the many countries such as Australia, Denmark, and Norway have experienced a tremendous reduction in the rate of carbon emissions (Zhao, 2011).  Although the carbon tax has proven to be an effective, fair and market-based strategy for reducing the rate of emissions of carbon dioxide, it comes with various challenges. Firstly, there is a problem of monitoring the number of emissions contributed in a………
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