Working paper series: Carbon dioxide emission and environmental policies

Economists have been seeking accurate assessment of effective environmental policies in face of imminent threat of global warming partially resulted from carbon dioxide emissions. In practice, these policies can be classified into two categories: one is to encourage the use of zero emission or less emission production methods by utilizing renewable resources and to stimulate the development of environment-friendly technology, and the other one is to discourage or to punish the excessive carbon dioxide emissions.  (tbc)