Search for: [Abstract = "The paper presents an attempt to analyze an impact of the introduction of emission norms and trade in the permits for the emissions of a pollutant on the economic growth in a small economy. Two technologies are being considered. The first one represents existing, actually installed technology, while in the second capital is characterized by a smaller unit emission. It is assumed that the second technology is cleaner\; but more capital intensive and, in effect, more expensive. A transition from the existing to the cleaner technology is analyzed."]

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