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Portfolio risk management and carbon emissions valuation in electric power

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From COP21 pledges to a fair 2°C pathway

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A good opening : the key to make the most of unilateral climate action

Bosetti, Valentina; De Cian, Enrica - 2011

In this paper we argue that when a subgroup of countries cooperate on emission reduction, the optimal response of non-signatory countries reflects the interaction between three potentially opposing factors, the incentive to free-ride on the benefits of cooperation, the incentive to expand the...