When Starting with the Most Expensive Option Makes Sense : Optimal Timing, Cost and Sectoral Allocation of Abatement Investment
This paper finds that it is optimal to start a long-term emission-reduction strategy with significant short-term abatement investment, even if the optimal carbon price starts low and grows progressively over time. Moreover, optimal marginal abatement investment costs differ across sectors of the eco...
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Elsevier
2018
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| Online Access: | http://hdl.handle.net/10986/29238 |