Regional Credit Trading: Economic and GHG Impacts of a National Low Carbon Fuel Standard
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2015-12-01
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Edition:Final Report
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Abstract:In the quest to reduce greenhouse gas (GHG) emissions regulators face the question of whether to target specific sectors of the economy or simply set reduction targets for the nation as a whole. Most economic models projecting the effects of economy-wide carbon targets find that the transportation sector is likely to be unresponsive to carbon pricing compared to other sectors of the economy.
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