When it comes to cutting greenhouse gas emissions, money is a powerful tool. Governments can create ways that people and companies benefit financially by making the right environmental choices. These incentives can take the form of tax credits and rebates, or governments can directly fund initiatives that plan to cut greenhouse gas emissions. Governments can also tax — as you probably know all too well. Taxes flow to government coffers for public services. But tax policies can also send a message — by what gets taxed and what gets subsidized. Governments can make reducing carbon-based fuels a smart financial decision by taxing carbon.
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