In economics, production is the act of creating output, a good or service which has value and contributes to the utility of individuals. The act may or may not include factors of production other than ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Electricity production is the sector with the largest share of global emissions and there are many options for ...

We calculate the cost of a carbon dioxide constraint in the production of electricity by modeling the replacement of coal generators with natural gas generators. We find: First, replacing coal ...