Browsing Discussion Papers by Author "Andersen, Jørgen Juel"
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The fi scal incentive of GHG cap and trade. Permits may be too cheap and developed countries may abate too little
Andersen, Jørgen Juel; Greaker, Mads (Discussion papers;785, Working paper, 2014-07)The theoretical justification for a greenhouse gas (GHG) cap and trade system is that participants will trade emission permits until their marginal costs of abatement equal the equilibrium price of emission permits. Abatement ...