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three instruments: an allowance system (tradable green certificates), a subsidy system (feed-in tariffs) and a Pigouvian …
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Tradable White Certificates (TWC) schemes, also labelled Energy-Efficiency Certificates schemes, were recently implemented in Great Britain, Italy and France. Energy suppliers have to fund a given quantity of energy efficiency measures, or to buy so-called "white certificates" from other...
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subsidy cuts are used to fund additional infrastructure investment. …
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