Mattoo, Aaditya; Subramanian, Arvind - Economics Research, World Bank Group - 2013
, constricted by the zero-sum arithmetic of a shrinking global carbon budget, and overtaken by shifts in economic power between … early action to raise carbon prices. The dynamic emerging economies would in turn eliminate fossil fuel subsidies, commit to … matching carbon price increases in the future, allow limited border taxes against their own exports, and strengthen protection …