Costs are likely to be passed on to consumers, without a drop in emissions.
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References
Fitz Gerald J.& Tol R. S. J. CESifo Forum, (in the press).
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Giles, J. Airlines set to net billions under greenhouse gas plan. Nature (2007). https://doi.org/10.1038/news070115-11
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DOI: https://doi.org/10.1038/news070115-11
