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Latest Economics of climate change mitigation Stories

2012-09-24 14:01:13

Instead, researchers were able to pin down a number of factors explaining the pronounced imbalances between emission importers and exporters, the US current account deficit being one of them. Their conclusion: interventions in world trade, like CO2 tariffs, would probably have only a small impact on global emissions. Steadily growing world trade leads — as earlier research has shown — to a substantial transfer of CO2 from one country to another. The traded goods effectively...


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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