An early action proposal with known costs: a sensible and realistic option for emissions trading in Australia
In a number of papers, McKibbin and Wilcoxen (1997a,1997b,1999) have proposed to tackle rising greenhouse emissions by using an internationally coordinated system of domestic permit trading schemes with a fixed price rather than a fixed cap on greenhouse emissions. This paper argues that early action by Australia alone is difficult to justify. However, if early action on the Kyoto Protocol is deemed to be warranted then the McKibbin-Wilcoxen Proposal for a permit trading system with a low fixed...[Show more]
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