Optimal timing of phasing out producer subsidies towards carbon neutrality: Interaction between fossil energy extraction and environmental uncertainties

Since subsidies for fossil-fuel producers entail “carbon locked-in” risks, phasing out the subsidies is widely agreed to be critical for progress on climate change towards carbon neutrality. However, due to the uncertainties and irreversibilities associated with environmental degradation and economi...

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Bibliographic Details
Main Authors: Xu Zhao, Zhi Li, Jianye Liu
Format: Article
Language:English
Published: Elsevier 2024-11-01
Series:Energy Strategy Reviews
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2211467X24003079
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