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Agriculture and forestry play an important role in emitting and storing greenhouse gases. For an efficient and cost …-effective climate policy, it is therefore important to include land use, land-use change, and forestry (LULUCF) explicitly in economy …
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In the past few years permit trading has become a popular policy instrument to achieve emissions reductions or other environmental goals at minimal cost. There are already a number of existing regimes on firm as well as on national level in which permits for SO2, NOX and CO2 emissions but also...
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