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We use historical industrial emissions data to assess the level of abatement and overallocation that took place across European countries during the pilot phase (2005-2007)of the European Union Emission Trading Scheme. Using a dynamic panel data model, we estimate the counterfactual...
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Pricing Carbon The European Union Emissions Trading Scheme Principal authors ^ A. DENNY ELLERMAN Massachusetts Institute of Technology FRANK J. CONVERY University College Dublin CHRISTIAN DE PERTHUIS Mission Climat of the Caisse des Depots and University...
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