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National Oil Company, one of the largest oil concerns in the world. To achieve the goal set by the Paris Climate Agreement of …
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Consider a dynamic model with two countries or coalitions that consume and trade fossil fuel. A non-abating country owns the entire fuel stock and is not concerned about climate change, represented by a ceiling on the carbon dioxide concentration. The government of the other country implements...
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uncertainty about future climate policy is resolved. E.g. abandoning climate policy plans immediately boosts scarcity rent, market …
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