Before revision:  The proposed carbon tax is analyzed in a short-term scenario with interesting outcomes, such as the simultaneous lowering of emissions levels and the maintenance of reasonable growth in MGDP. The proposed carbon tax and ETS can also be implemented at the national level in a country, in provincial or corporate slices .
After revision:  The proposed carbon tax is analyzed in a short-term scenario , where it is shown that it can result in significant reduction in global emissions while keeping the economy growing at a positive rate .