한국관련자료
Dynamic Carbon Emission Management
Carbon regulation poses the corporate challenge of developing optimal carbon management policies. We provide a unified model characterizing how firms manage emissions through production, heterogeneous green investment, and the trading of carbon credits. We show that carbon pricing incentivizes firms to reduce emissions through immediate yet transient abatement projects, but has an ambiguous impact on green innovation. In economies where carbon pricing discourages innovation, subsidies to green innovation complement ― rather than substitute ― carbon pricing, jointly lowering current emissions through abatement projects and accelerating the transition to greener technologies through innovation.
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