Lecture

Optimal Abatement Strategies

Description

This lecture covers the concept of optimal abatement strategies in the context of environmental economics, focusing on the cost of abatement and the business-as-usual scenario. It discusses various approaches to abatement, including magical and marginal abatement costs, as well as the Coase theorem. The lecture also explores the trade-offs between different abatement options and the implications for decision-making in environmental policy.

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