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This important book provides a comprehensive analysis of technological change and environmental policy within the (context of) oil and gas industries. It identifies and measures the impact of technological change, both in market and environmental output sectors and takes steps to identify the key causal relationships. The author focuses on the design and implementation of environmental policies that encourage technological progress in the face of the depletion of natural resources and the increasing stringency of environmental regulations. Detailed policy scenarios provide quantitative assessments that indicate the significance of potential benefits of technological change and well-designed environmental policy.
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