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2030. If China’s annual economic growth rate is 0.5 percentage points higher (lower), the climate policy‐induced welfare …’s reduction effort creates at best a small benefit for China, yet with smaller sectoral output reductions than auctioning. These …
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The EU has established the world’s first cross-border emission-trading systems (ETS) for greenhouse gas (GHG) emissions, currently covering aviation, emission-intensive sectors, and electricity (EITE). The EU Commission has offered to apply emissions trading in new sectors where emissions from...
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