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Scope for fuel substitution (Английский)

Fiscal policies such as commodity taxes, subsidies, and price reforms, can complement direct pollution abatement instruments, and encourage fuel substitution. The note explores barriers to efficient abatement policies, such as public sector budget constraints, which inhibit public spending on monitoring, and clean-up; uncertainty about abatement costs, and benefits, complicating the evaluation of net social returns to alternative policies; distributive...
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