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The most well-liked solution amongst economists is placing a tax on carbon emissions. In February, a gaggle of Republican elder statesmen introduced a plan for a $forty carbon tax that would be returned to taxpayers oil prices explained in the type of a carbon dividend. A cadre of oil and fuel giants, together with Exxon Mobil Corp. endorsed the proposal earlier petroleum equipment company this month. But oil prices explained the proposition faces dim prospects of becoming law beneath the Trump administration, which has vowed to pump up the oil, fuel and coal industries.