IAC and PwC: 2022 US digital ad revenue rose 10.8% YoY to $209.7B, down from 35% growth in 2021; social media ad revenue rose 3.6% YoY, down from ~39% in 2021 (Megan Graham/Wall Street Journal)

Megan Graham / Wall Street Journal:
IAC and PwC: 2022 US digital ad revenue rose 10.8% YoY to $209.7B, down from 35% growth in 2021; social media ad revenue rose 3.6% YoY, down from ~39% in 2021  —  Headwinds from the economy and priv…

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How carbon permit markets can lead firms to capture surplus rents

Executive Summary The threat of climate change due to anthropogenic emissions of greenhouse gases has led policymakers around the world to implement a growing number of carbon pricing schemes to reduce emissions, either through carbon taxes or market-based cap-and-trade programs. In general, market-based approaches for emissions reductions are favored by experts due to their theoretical…

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