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What are the most effective policies to reduce greenhouse gas emissions? 


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A portfolio of price, regulation, and subsidy policy interventions is argued to be effective in reducing greenhouse gas emissions at a low cost . Renewable energy policies, especially when implemented on a local scale, are found to be the most effective in achieving climate goals . The Indian government is aiming to increase the contribution of renewable energy, particularly solar energy, to reduce greenhouse gas emissions . To restore distributional equity and maintain macroeconomic stability, it is suggested that revenue from pollution taxes or emissions trading schemes be recycled to households through lower income tax rates and higher social security payments . Fuel economy programs and greenhouse gas emission standards have proven to be effective tools in controlling oil demand and reducing greenhouse gas emissions from the transportation sector .

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Fuel economy programs or greenhouse gas (GHG) targets, either mandatory or voluntary, have proven to be among the most effective tools in controlling oil demand and GHG emissions from the transportation sector.
The chapter discusses the policies of the central and state governments in India to promote renewable energy, especially solar energy, to reduce greenhouse gas emissions.
The most effective policy to reduce greenhouse gas emissions is a pollution tax or emissions trading scheme, combined with recycling the revenue to households through lower income tax rates and higher social security payments.
A portfolio of price, regulation, and subsidy policy interventions is argued to be the most effective approach to reduce greenhouse gas emissions.
Renewable energy policies are the most effective in reducing greenhouse gas emissions, especially when implemented on a local scale.

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