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severely underestimate costs. This paper provides an evaluation of these three California studies.<br><br>We find that although …California's Global Warming Solutions Act of 2006 limits California's greenhouse gas (GHG) emissions in 2020 to their … were released indicating that California can meet its 2020 target at no net economic cost - raising questions about whether …
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California's Global Warming Solutions Act of 2006 limits California's greenhouse gas (GHG) emissions in 2020 to their … 1990 level. In 2006, three studies were released indicating that California can meet its 2020 target at no net economic … studies reaching such conclusions may simply severely underestimate costs. This paper provides an evaluation of these three …
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"With few exceptions, economic analyses of "cap-and-trade" permit trading mechanisms for climate change mitigation have been based on first-best scenarios without pre-existing distortions or regulations. The reason is obvious: interactions between permit trading and other regulations will be...
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New infrastructure projects may affect CO2 emissions and, thus, cost benefit analyses for these projects require a value to apply for CO2. This may be based on the marginal social cost of emissions or on the carbon price resulting from present and future policies. This paper argues that both...
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