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Keywords JEL Classification ABSTRACT Designing, modelling and analysing global emissions policies are becoming increasingly complex undertakings. Pressure on developing economies to make quantifiable emissions reduction commitments has led to the introduction of intensity based emissions targets, where reductions in emissions are specified with reference to some measure of output, generally gross domestic product. The Copenhagen commitments of China and India are two prominent examples. From adoi:10.2139/ssrn.2275708 fatcat:oxy4fsgftjg7xjidacfwf7spz4