Question

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of on the right, why woulun Soliety Teule Ule din pollution beyond Q1 ? batement Society's margina cost of pollution Amount of pollution abatement Question #5: is quantity-based regulation the prefer government a. Why in case of nuclear leakage, action? b. Why in case of climate change a price-based taxes and subsidies the prefer government action?

Answer 1

B. In case of climate change government takes action of price based taxes and subsides .Because government want to prevent prevent pollution and climate change from his actions. When more taxes levied on such activities, people reduced or avoid harmful activities. On the other hand those people protecting environment and doing environment friendly activity, government gives them incentives or subsides.