📄 Abstract
This study explores two strategies used to tackle climate change and promote sustainability which are California's Cap-and-Trade program and Germany's Energiewende policy. Both aim to reduce greenhouse gas emissions but use different approaches. California's Cap-and-Trade program is like a marketplace where companies can buy and sell the right to pollute within strict limits, encouraging businesses to adopt cleaner practices. On the other hand, Germany's Energiewende focuses on government-led efforts to shift away from fossil fuels and nuclear power toward renewable energy like wind and solar. The study compares these approaches, highlighting their successes and challenges. California's system is cost-effective and flexible but has been criticized for not doing enough to improve air quality in vulnerable communities. Germany's policy has driven significant renewable energy growth and job creation but has led to higher energy costs for some citizens. This study argues that there is no perfect solution to sustainability. Countries can therefore learn from each other?s successes and failures to create better policies to tackle climate change while balancing environmental, social, and economic goals.
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📚 How to Cite:
Prince Asante , A COMPARATIVE ANALYSIS OF SUSTAINABLE PRACTICES- CALIFORNIA'S CAP-AND-TRADE PROGRAM AND GERMANY'S 'ENERGIEWENDE' POLICY. , Volume 12 , Issue 9, december 2024, EPRA International Journal of Climate and Resource Economic Review (CRER) , DOI: https://doi.org/10.36713/epra19505