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Single-year mitigation targets: Uncharted territory for emissions trading and unit transfers
The paper argues that single-year targets create uncertainty regarding emissions pathways and may reduce cumulative mitigation outcomes compared to multi-year targets, especially when tradable units are used. It assesses four accounting options to address these issues and recommends that future international agreements require continuous multi-year targets to ensure comparability and alignment with carbon budgets.
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Document type: Research paper
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