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Rapid urbanization and population growth have increased the need for grain transportation in China, as more grain is being consumed and croplands have been moved away from cities. Increased grain tran...
We analyze the demand for emissions allowances and the supply of allowances and abatement opportunities in California's 2013-2020 cap and trade market for greenhouse gases (GHG). We estimate a coin...
This paper analyzes the extent to which the conditions in the emissions permit market for nitrogen oxides (NOx) operated by the South Coast Air Quality Management District (SCAQMD) in the Los Ange...
We study the impact of emissions tax and emissions cap-and-trade regulation on a firm's technology choice and capacity decisions. We show that emissions price uncertainty under cap-and-trade results i...
The purpose of the paper is to present a new pricing method for clean spread options, and to illustrate its main features on a set of numerical examples produced by a dedicated computer code. The nove...
This article explores a policy design for a cap and trade emissions trading system (ETS) in Japan. According to this proposal, a cap is set for the emissions from industrial, industrial process and en...

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