Business, 23.03.2020 17:22 genyjoannerubiera

The Environment Ministry in Japan proposed a new carbon tax in order to meet Japan's obligations to reduce carbon dioxide emissions under the Kyoto Treaty. The tax would be levied on producers and importers of fossil fuels and raise the cost of using fossil fuels. How would a policy maker operating within the framework of neoclassical economics likely view a tax such as this?

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