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Emission Reductions
Efforts and measures taken to decrease the amount of pollutants and greenhouse gases released into the environment.
Social Cost
The total cost to society, including both private costs borne by producers and external costs borne by others outside the production process.
Carbon Fee
A charge imposed on the carbon content of fossil fuels, aimed at reducing carbon dioxide emissions.
Coase Theorem
An economic theory proposing that if trade in an externality is possible and there are no transaction costs, parties can negotiate solutions to conflicts that lead to an efficient outcome regardless of the initial allocation of property rights.
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