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gases, especially through emission trading. Climate policies present the novel problem of integrating emissions reductions … costs across different parts of current carbon markets. It argues that a broad emission trading system that includes more …
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This paper considers the question of under what circumstances a new environmental regulation should "phase in" gradually over time, rather than being immediately implemented at full force. The paper focuses particularly on climate policy, though its insights are more general. It shows that while...
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participant's low carbon emission goods and setting penalties on outsiders to force them to join such agreements , carbon …
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