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Research – Subsides and Transferable Permits SUBSIDIES AND TRANSFERABLE PERMITS1. SubsidiesSubsidies – incentive-based policyObtain subsidy per unit of emissions reductionOr lump sum grants, loans or tax allowances[pic 1]If subsidy per unit emissions reduction is set at the same level as tax –instruments are symmetric [pic 2]If symmetry result true – subsidies attractive option for government.
Related Essay Topics:
Extra Unit Of Emissions Reduction CostsFirm IncentivePolicyobtain SubsidyTax Allowances