A new study from a team of researchers that includes faculty from the University of California San Diego and Princeton University shows how a mix of subsidies for clean energy and taxes on pollution can significantly reduce greenhouse gas emissions that cause climate change.
A new study from a team of researchers that includes faculty from the University of California San Diego and Princeton University shows how a mix of subsidies for clean energy and taxes on pollution can significantly reduce greenhouse gas emissions that cause climate change.
While these kinds of policy mixes are widely used in the real world, the the study, published in Nature Climate Change is the first to show how the combination of such policies can be simulated in economic models that are the backbone of nearly all climate policy discussions – including the recent United Nations Climate Change Conference in Brazil held Nov. 10-21.
The results reveal that financial incentives can spark rapid adoption of cleaner technologies in the near term, but without policies that also punish polluters it won’t be possible to stop climate change.
Read more at: University of California San Diego
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