carbon tax

A number of nations have implemented carbon taxes, emissions trading schemes (ETSs), and environmental restrictions in an effort to cut carbon emissions.

In the past few years, many countries have taken steps to cut down on carbon emissions, such as putting in place environmental rules, emissions trading systems (ETSs), and carbon taxes.

In theory, the carbon tax is the most efficient approach to address climate change. In practice, however, the policymaking process can interfere and weaken the policy.