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Keywords: free allowances
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Journal Articles
Journal of Political Institutions and Political Economy (2024) 5 (4): 627–657.
Published: 30 December 2024
... commanded significant leeway in determining the distribution of pollution permits to emitters. The allocation of “free allowances” represented a choice to distribute a sizable economic asset, along with the ability to pollute for free under the new system. This paper describes the provision of free...
