Where is it Cheapest to Cut Carbon Emissions: Estimating Marginal Costs

This is the second part of a series on my new working paper on where it is cheapest to cut carbon emissions.In the previous post I assumed that all countries shared the same marginal cost of abatement curve. In reality this is not the case and in order to rank countries by marginal cost of abatement or total costs of meeting a given policy we need to estimate a cost curve for each country. The