Problems of climate economics

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This is a Problems of climate Economics. Can you explain these two problems with specific pictures or calculation formulas. I don't quite understand this problem. Thank you very much!! I will give you a good evaluation!

1. Under the presence of cost uncertainty, explain the driving factors that determine whether prices or quantities are the most efficient regulatory mechanism.

2. For the context of climate change, explain which type of mechanism you would implement and why, providing evidence.

Reference no: EM133204398

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