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of their economies that will be subject to complementary domestic emission regulation. We show that such hybrid emission … regulation may lead to substantial excess costs compared to a comprehensive emissions trading system covering all segments of the …
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Between 1990 and 2019, the European transport sector was expected to reduce its CO2 emissions by 40 per cent to keep track with the 100 per cent CO2 reduction target on the 1990 level set by the European Commission for 2050. But, in fact, the transport sector has increased its CO2 emissions by...
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