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We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon taxes and emissions trading systems (ETS), as well as...
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can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the … theory and in practice. A number of factors can call the independence property into question theoretically, including market …
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