#Question: Climate Change — What is the best economic solution to the problem of climate change?
From November 30th to December 11th, the U.N. Conference on Climate Change will bring countries together to negotiate an international framework addressing climate change.
Needless to say, the conference involves conflicting interests — developed countries are determined to continue the clean energy revolution, while developing countries worry that the costs necessary to do so would harm their burgeoning economies.
International leaders have already implemented a variety of economically-driven environmental policies. Some European nations have advanced environmental taxes. Alternatively, China recently announced plans for a cap-and-trade program, and the United States has historically emphasized command-and-control policies.