Economics · Environmental Economics
Consider the following statements regarding economic policies to address industrial pollution: 1. Carbon taxes and subsidies encourage emission reduction, but designing an efficient tax regime is challenging. 2. Providing subsidies to industries for adopting green technology always ensures sustainable industrial growth without any fiscal stress. Which of the statements given above is/are correct?
- 1Neither 1 nor 2
- 2Both 1 and 2
- 3Only 2
- 4Only 1✓
Correct answer
Only 1
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