Modeling and Policy Assessment of Carbon Tax and Emissions Trading for Preserving Global Environment
نویسندگان
چکیده
In this paper we formulate a dynamic model of a profit maximization problem for assessing quantitatively how the policy of carbon tax and emissions trading would be effective to achieve the targeted reduction of the Kyoto Protocol. Furthermore, we evaluate the influence of carbon tax and emissions trading on the economy in industry in a long-term view.
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