Costs of climate policy less if developing countries join emissions trade

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The Netherlands Environmental Assessment Agency (MNP) at the RIVM and the Netherlands Bureau for Economic Policy Analysis (CPB) presented at 30th June the report entitled "How much does a 30% emission reduction cost?" This document analyzes the macro-economic costs of post-Kyoto climate policies that reduce emissions in the OECD and Russia with 30% compared to the 1990 level.