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Abstract ▼ AI-Helper

The tragedy of the commons results basically from individuals maximizing their benefits and interests without regard to the long-term perspective. Climate change can be defined as a collective action dilemma resulting from human activity. A wide variety of national and sub-national policies and in...

The tragedy of the commons results basically from individuals maximizing their benefits and interests without regard to the long-term perspective. Climate change can be defined as a collective action dilemma resulting from human activity. A wide variety of national and sub-national policies and instruments are available to governments to create incentives for mitigation action relative to climate change. Policy-politic typology, policy tool and governance approaches are discussed as new ways of looking at carbon taxes. This paper attempts to describe the comprehensive mechanism of the governance approach to carbon taxation rather than narrower focus of the command-and-control or market-based approaches.

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