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O C. eliminating existing
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1. Introducing carbon taxes, implementing a cap and trade system and subsidising green alternatives.

Carbon taxes refer to those taxes that are levied on carbon content fuels. Introducing taxes would limit the producers usage of carbon contents. Also subsidising green alternatives would induce producers to use efficient and green energy.

2. The cost of decreasing carbon emissions are certain and would be borne now, while the benefits would come many years in the future. So government would hesitate to incur a huge cost whose benefit can be enjoyed only after so many years.

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