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International production fragmentation has generated and reallocated value added as well as CO2 emissions across economies. Prior studies have mainly focused on the embodied emissions or value added in trade. The evidence regarding the embodied emission intensity, and particularly the role of...
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This paper employs real option analysis to evaluate the investment project to adopt energy saving and carbon emission reduction technology. Sensitivity analysis and simulation outcomes highlight the respective roles of carbon price level and government support in the investment decision. That...
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