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overall abatement and the allocation of given abatement between the policy bloc and the fringe are then inefficient. When the … completely. These cases occur when free allocation of quotas is less (very) generous, and the offset market delivers large (small …
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Despite President Obama's current interest in climate policy, market-based climate policy on the US federal level still appears to be deadlocked. The same is true for Canada, which has aligned its climate policy to the US. However, regional activities are more promising as British Columbia and...
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