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Transnational Aspects of a Linked Carbon Market

M. Mace, Jason Anderson


ing scheme for greenhouse gas emissions through the Emission Allowance Trading Directive.1 In so doing, European nations embraced the opportunities that a transnational carbon market presents for achieving cost-effective greenhouse gas reductions. They also recognized the institutional benefits of a harmonised approach to the challenge of emissions reductions, and the political benefits of concerted action. Proposed amendments to the Directive have moved toward greater internal harmonisation and have also opened up broader possibilities fo


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