Carbon Tax Boosts Japan's Economy, Curbs Emissions in Asia's Top Polluters
The article looks at how countries like Japan, China, and India can reduce CO2 emissions to tackle climate change. They focused on using a carbon tax to make this happen. The researchers used a model to see the effects of this tax on the countries' economies. They found that Japan could cut emissions and still grow its economy a bit. However, in China and India, cutting emissions might slow down their economic growth. Despite this, all three countries could successfully hit emission targets without hurting their overall welfare thanks to the money collected from the carbon tax. The study concludes that a carbon tax is a good way to fight climate change, but it might not work the same way for every country.