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September 05, 2007



Another reason for the US to lobby for a cap-and-trade system: the US would be a net receiver of transfers from the developing world.
According to some studies, the marginal cost of pollution abatement is lower in rich countries than in developing ones. In a world with a global market in CO2 allowances, rich countries would reduce their emissions (because it costs less to do so than in poor countries) and sell their allowances to poor countries (which would increase their emissions).
Read more here: www.econweekly.com

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