Jotzo, Frank; Pezzey, John C. V. - Australian National University, Economics and … - 2007
intensity targets, where each country's permit allocation is indexed to its future realised GDP, can cope with uncertainties in … international greenhouse emissions trading. We present some empirical foundations for intensity targets and derive a simple rule for … in 2020 under multiple uncertainties and endogenous commitments, we show that optimal intensity targets could reduce the …