The proposed use of carbon reduction schemes such as Domestic Tradable Quotas, carbon taxes, or an extension of the EU Emissions Trading Scheme, could effectively help to achieve strict carbon emissions reduction targets for the UK. However, they raise issues such as their fairness to people on lower incomes, set-up and running costs, and implementation problems such as eligibility, public acceptability, and technological and administrative feasibility. We are using econometric modelling on existing qualitative work to study whether these personal economic instruments are suitable to achieve strict national carbon targets in both the UK and abroad.
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