Firm Selection and Growth in Carbon Offset Markets: Evidence from the Clean Development Mechanism
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We study carbon offsets sold by firms in China under the Clean Development Mechanism (CDM). We find that offset-selling firms, meant to cut carbon emissions, instead increase them by 49% after starting an offset project. In a model of firm investment decisions and offset review, we estimate that CDM
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美国国家经济研究局创建时间：
2025-04-01
