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The United Nations could implement a universal price floor for carbon offsets. This is due to their falling prices, which have dropped by 95%. This was due to the falling demand for them. In order to stop this a price floor would help significantly, especially because the UN wants them to be implemented in developing countries to reduce carbon emissions.

In his latest health push, New York City Mayor Michael Bloomberg proposed a bill that would require retailers to keep tobacco products out of sight. It's companion bill, however, is seeking to ban cheap cigarettes and cigarillos by setting a price floor of $10.50 a pack across the board.

I thought that this article was very related to our topic this week and it is an interesting read. It talks about how an enormous price cut in Venezuela brought about many different effects and mixed emotions. Because of the price cut, people were happy to get things at a very cheap price. However, there were some consumers that were unhappy because of the shortage.

This article discusses the effects of price ceilings and floors on greenhouse gas emissions and its potential drawbacks with a slower economic growth of the state. This is a good example on considerations of instating an excise tax, because it would reduce emissions, but lower economic growth.