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Hate fossil fuels? Then buy up the reserves

Those with a desire to see a reduction of greenhouse gas emissions from fossil fuels could do worse than to buy up reserves, according to a paper published this month. Researcher Bard Harstad argues that buying and holding extraction rights to fossil fuels is a more effective means of curbing their use than legislating to reduce demand. At first glance it looks like a novel approach, though perhaps an obvious one when you think of it.
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