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The EU has established the world’s first cross-border emission-trading systems (ETS) for greenhouse gas (GHG) emissions …
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The Nationally Determined Contributions (NDCs) under the Paris Agreement fall short of the abatement needed to reach the 2°C target. Emissions trading could be a "costless" means to reduce the ambition gap if countries used their gains from trade for additional abatement. However, this requires...
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