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The determination of long-term goals for climate policy, or of near-term mitigation effort, requires a shared conception among nations of what is at stake. Unfortunately, because of different attitudes to risk, problems ...

The current economic modeling of emissions limitations does not embody economic features that are likely to be particularly important in the short term, yet the politics of limiting greenhouse gas emissions are often ...

This paper studies the cost effectiveness of climate policy if there are technology externalities. For this purpose, we develop a forward-looking CGE model that captures empirical links between CO2 emissions associated ...

The U.S. may at some point adopt a national cap-and-trade system for greenhouse gases, and if and when that happens the system of CAFE regulation of vehicle design very likely could still be in place. Imposed independently ...