The economics of climate change mitigation: how to build the necessary global action in a cost-effective manner (PDF; 1.9 MB)
Source: Organisation for Economic Co-operation and Development, Economics Department

Key step towards the emergence of a single international carbon price will most likely involve the phasing out of subsidies of fossil fuel consumption and various forms of linking between regional carbon markets, ranging from direct linking of existing emission trading systems to more indirect forms through the use of sectoral crediting mechanisms.

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