a. Why does an output-based policy such as the Chinese ETS create an implicit subsidy? b. What

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a. Why does an output-based policy such as the Chinese ETS create an implicit subsidy?

b. What is the nature of that subsidy?

c. Why does it reduce cost-effectiveness relative to a straight emissions-based approach?

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Environmental And Natural Resource Economics

ISBN: 9781032101187,9781000892185

12th Edition

Authors: Tom Tietenberg, Lynne Lewis

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Question Posted: Sep 27, 2024 03:02 AM

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a. Why does an output-based policy such as the Chinese ETS create an implicit subsidy? b. What

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Environmental And Natural Resource Economics

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