In the regulation of climate change, society can rely on tradable permit system or on the use of a CO2 tax. Discuss what information the authorities need to be able to set the correct tax or the correct amount of permits.

In the regulation of climate change, society can rely on tradable permit system or on the use of a CO2 tax. Discuss what information the authorities need to be able to set the correct tax or the correct amount of permits.

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