Climate Change has been a controversial topic in politics for the past few decades and has come up more often recently. The subject has garnered its place as a widely discussed issue due to the denial of its existence by some. Nonetheless, according to sciences, climate change is very much a real thing and is something that is already affecting us globally. Even with sciences reporting this and of its legitimacy, we still have those who would deny climate change as a truth.Climate change affects our country within our politics, infrastructure, and economy and seems to draw criticisms and support by many.
Within our country’s politics, the issue of climate change is one that divides us greatly. Following the announcement of Trump deciding to
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A Land Economics article analyzes the effectiveness for reducing greenhouse gases of policies that could be applied to America.//// One being the Renewable Fuel Standard (RFS) in which this policy requires transportation fuel sold to contain a minimum of renewable fuel. Another policy being the Renewable Portfolio Standard (RPS) where in America, it would require increased production of renewable energy. They stated that for reducing emissions:
The domestic welfare costs of a jointly implemented RFS and RPS are significantly higher than those of the carbon tax; in fact, the carbon tax leads to a net gain in domestic economic surplus since a large part of the cost is imposed on the rest of the world’s fuel producers.
This is due to the fact that a RFS policy would place high costs for the rest of the world, awhile RPS would have none. However an RPS policy accordingly would, “create incentives to use the least-cost sources of renewable electricity to comply with the RPS.” Therefore, if applied these policies would need to carefully take many factors into account and might be financially better if applied at lower state
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