I am working on a study to estimate the impact of carbon taxes vs subsidies on emissions in a country. I have read that an integrated assessment model is my best bet for something simple and direct but I can't seem to find any consensus on this. I currently have an equation from Assaad et al. (2020)

where CO2 = (covariates of population, energy intensity, carbon intensity) +treatment (i.e. carbon tax) + error.

Is this sufficient? Please help.

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