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China is planning to implement the largest CO<sub>2</sub> emissions trading system in the world. To reduce emissions … matching analytically and numerically solved models to assess the cost-effectiveness and distributional impacts of China …We find that the TPS's implicit subsidy to electricity output has wide-ranging consequences for both cost …
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We categorize the primary incentive-based mechanisms under consideration for addressing greenhouse gas emissions from electricity generation—pricing carbon, setting intensity standards, and subsidizing clean energy—and compare their market outcomes under similar expansions of clean...
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