To achieve a specified reduction in the accumulation of greenhouses gases in the atmosphere, it is far better to allow for flexibility in the timing of adjustment policies than to impose a particular deadline. This lesson applies to all countries: rigidly imposed limits on emissions controls entail unnecessary economic costs.
To achieve a specified reduction in the accumulation of greenhouses gases in the atmosphere, it is far better to allow for flexibility in the timing of adjustment policies than to impose a particular deadline. This lesson applies to all countries: rigidly imposed limits on emissions controls enta...