Optimal acid rain abatement policy in Europe
Acid rain causes greater environmental damage than would occur if countries act cooperatively. Based on new estimates of sulphur abatement cost functions, the potential gains from cooperation are calculated for Europe. Various cooperative abatement rates are compared with the rates implied by recent international agreements. The distinction is made between primary and secondary abatement, and their respective roles are discussed.
|Date of creation:||Jun 1994|
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