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| Author: | Godal, O. (et al.) |
| Title: | Carbon trading with imperfectly observable emissions |
| Journal: | Environmental and Resource Economics
2003 : JUN, VOL. 25:2, p. 151-169 |
| Index terms: | Environmental economics Air pollution Coal mining industry Uncertainty Simulation models |
| Language: | eng |
| Abstract: | The authors analyse a setting in which parties can meet their emission targets by reducing emissions, by investing in monitoring(reducing uncertainty of emissions) or by (bilaterally) trading permits. The applications suggest that including uncertainty could increase compliance costs for the USA, Japan and the European Union. Central Europe and the Former Soviet Union might be able to gain from trading due to higher permit prices. Emission trading could also lower aggregate uncertainty on emissions. |
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