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Acknowledgements
I thank R. Gerlagh and Y. Qin for helpful comments, and the Research Council of Norway (Norens project) for financial support.
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Rosendahl, K.E. EU ETS and the waterbed effect. Nat. Clim. Chang. 9, 734–735 (2019). https://doi.org/10.1038/s41558-019-0579-5
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DOI: https://doi.org/10.1038/s41558-019-0579-5
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