What’s missing an accurately priced tax for the externalities of products specific to the products.
Whatever you do to producer, it will affect consumer.
Increase cost of production? Cost of product increases.
Decrease production output? Cost of product increases. (Assuming demand did not change)
Forbid a product? Consumer looks, for next best alternative which is pricier (if it was cheaper, it would have been the first pick).
Regulate prices? Output is reduced. To fill in the gap, consumers look for next best alternative, which is pricier (if it was cheaper, it would have been the first pick)
The only alternative is for consumer to stop desiring the product somehow. E.g by changing of definition of “good” via education, morals or religion.
It doesn't work for everything but it's the exact playbook we followed for LED lightbulbs.
Trying to chase at least a tiny bit of “technically correct”: during subsidisation period, consumers are the ones paying for it with their taxes.