India and climate change mitigation
This paper outlines the criteria that a global mitigation agreement would need to satisfy and explains the importance of cap-and-trade as the keystone of that agreement. It underscores the inescapability of ethics in determining the fair distribution of the costs of mitigation and argues that there is a strong moral case for all or most of the global costs being borne by the ACs. It discusses the implications of some specific permit-allocation schemes under cap-and-trade, and reviews recent attempts to model them and the financial transfers that are implied. It also reviews India
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