@article{2eec730eccd64c169e5555426138b0c4,
title = "Think Globally, Act Globally: Opportunities to Mitigate Greenhouse Gas Emissions in Low- and Middle-Income Countries",
author = "Rachel Glennerster and Seema Jayachandran",
note = "Funding Information: Third, the anticipated local co-benefits of mitigation projects should be laid out explicitly, and then measured to the extent possible, to ensure that the low-and middle-income countries receive their fair share of the gains from trade. A political challenge to a robust international market for mitigation is that low-and middle-income countries may object to giving all the mitigation credit of a project funded by others, but within their borders, to the funding country. After all, they incur costs, perhaps to implement regulation or provide land. From an economist{\textquoteright}s perspective, the focus should be on how the gains from trade are shared rather than more narrowly on how mitigation credit is shared. The funding country could make financial transfers to the host country. There are also often incidental co-benefits, like reduced conventional pollution. Explicit accounting of the benefits for the low-or middle-income country, in whatever form they take, is important for ensuring that such arrangements are mutually beneficial.",
year = "2023",
doi = "10.1257/jep.37.3.111",
language = "English (US)",
volume = "37",
pages = "111--136",
journal = "Journal of Economic Perspectives",
issn = "0895-3309",
publisher = "American Economic Association",
number = "3",
}