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How should allowances be allocated?

How should allowances be allocated?

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Anthropogenic Climate Change
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Responding to climate change?
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Immediate action required
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How to reduce the risks/impact of climate change?
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Reduce emissions of greenhouse gases
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Cap and trade greenhouse gas emissions
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How should allowances be allocated?
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Allowances should be given away for free
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How should limits be segmented?
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Should uncapped sector trade be permitted?
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Massachusetts example
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National limits would hurt international competitiveness
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