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This paper presents valuation models of emission allowance options under an emission trading scheme, operating in an open trading phase, where unused allowances are banked to subsequent phases without any limit. Empirical studies are carried out to show that allowance option prices exhibit...
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Contents -- Contributors -- 1 Bioenergy Economics and Policy in US and Brazil: Effects on Land Use and Greenhouse Gas Emissions -- 1 Overview -- 2 Market and Policy Incentives for Biofuel Production in the US and Brazil -- 3 Land Use and Greenhouse Gas Effects of Biofuel Production in the US and...
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