The best way for nations to tackle the emissions behind climate change involves using a combination of several financial and regulatory levers, pioneering analysis of 41 countries across six continents has found.
The most successful moves in nations such as the UK, Norway, the US and China, involved a mix of policies that included subsidies as well as regulations and pricing mechanisms, the study concluded.
For example, the UK’s effort in winding back coal-fired power generation and Norway’s rollout of electric vehicles was successful only because the policy was in tandem with tax or price incentives.
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