Recent carbon market prices are substantially lower than mean or median estimates of the social cost of carbon in the literature. Intuition would therefore suggest that 'investment errors' are being made, in the sense that markets favor higher carbon-emitting projects, while global welfare would be larger with lower carbon-emitting projects. This intuition is correct in specific circumstances, but not others. For any comparison of two alternative...
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تفاصيل
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2012/7/01
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ورقة عمل خاصة ببحوث السياسات
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WPS6117
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1
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1
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2012/7/02
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Disclosed
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Economic analysis of projects in a greenhouse world
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social cost of carbon