StudentFirstName StudentLastName Professor FirstName LastName ENVIRON 123 12 August 2010 Greenhouse Gas Emissions Reduction I.Scott Barrett and Michael Toman compared two different approaches to reduce greenhouse gas (GHG) emissions. The first approach is International Economy-Wide Targets and Timetables with Emissions Trading (IE). With the IE approach, countries are able to negotiate GHG emission limits which gradually decline. Different GHGs could be substituted for one another in this format. One particularly unique aspect is that reduced deforestation would generate credits under a cap-and-trade treaty. Part of the problem with this approach is the potential for conflict over the fact that “countries would bargain over the size and...The end:
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