Write position paper that explains both Carbon taxes and a Cap-and-Trade system as they would apply in Canada. Follow the following outline: Describe...

Write position paper that explains both Carbon taxes and a Cap-and-Trade system as they would apply in Canada. Follow the following outline:

1. Describe how a Carbon Tax works. What would be the expected benefits of a Carbon Tax system? What would be the drawbacks? Research cases where a carbon tax is currently being used. What have been the results?    (4 marks)

Carbon tax is a form of pollution

1. Describe how a Cap-and-Trade system works. What would be the expected benefits of a Cap-and-Trade system? What would be the drawbacks? Research cases where a Cap-and-Trade system is currently being used. What have been the results? (4 marks)

1. Based on your research, present recommendations for what government action should be taken on this issue in Canada. Consider both the environmental needs and those of the economy. Consider the benefits and costs of each approach.  (2 marks)