Will taxing citizens for carbon emission discourage pollution?

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French president, Nicolas Sarkozy, comes with a new measure to tax citizen for every ton of carbon dioxide they produce. The measure is to penalize not just corporations but citizens for their carbon-fueled lifestyles. The French government hopes that as a result of the tax, more people will reduce consumption by taking public transportation to work instead of their cars. The ultimate goal is to reduce France’s contribution to global warming. Now the question remains whether it will reduce CO2 emission?

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