Identify a real-life example where a policy instrument for emissions reduction (e.g. carbon tax, cap-and-trade, regulation, etc.) was implemented in a particular country or region

Identify a real-life example where a policy instrument for emissions reduction (e.g.

carbon tax, cap-and-trade, regulation, etc.) was implemented in a particular country
or region.
• Describe the policy instrument of your choice (including where it was imple-
mented, when, by whom, how it works). Discuss its target as well as the
reasons it was seeking this target.
• Discuss the results from using this policy instrument.
• Discuss whether the policy instrument was successful in achieving its goals.
Include a discussion of some problems that were encountered in the design,
implementation etc., if any
Make sure to use reputable sources.
• Include your list of references on the last page. You can use your preferred
citation style, just make sure you use it consistently

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