When cost efficiency is ignored, carbon market success is overstated
Understanding the true cost effectiveness of emissions trading schemes (ETSs) is essential for advancing climate policy. In this study, we contribute by introducing the trade effect—the mechanism through which ETSs promote convergence in marginal abatement costs (MACs)—and by developing a novel empi...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2025-09-01
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| Series: | Nexus |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2950160125000294 |
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