Publications

Probabilistic regional and seasonal predictions of twenty-first century temperature and precipitation
The rationale for international agreements on climate change mitigation comes from the global scope of impacts, irrespective of the location of greenhouse gas (GHG) emissions. By … read more »

Adaptation investments: a resource allocation framework
Additional finance for adaptation is an important element of the emerging international climate change framework. This paper discusses how adaptation funding may be allocated among developing countries in a … read more »

Agrobiodiversity, farm profits and land fragmentation: evidence from Bulgaria
This paper presents an empirical analysis of the role of land fragmentation, crop biodiversity and their interplay with farm profitability. Original primary data are drawn from a survey conducted … read more »

Environmental policy, government, and the market
Environmental policy is made in a context of both market failure and government failure. On the one hand, leaving environmental protection to the free market, relying on notions of … read more »

The real option to fuel switch in the presence of expected windfall profits under the EU Emission Trading Scheme
This paper develops a simple model to evaluate the value and the activation frequencies of a generation system consisting of coal-fired and a gas-fired power plants using a real … read more »

Auctioning conservation contracts in the presence of externalities
Current models of conservation auctions do not permit for the presence of environmental externalities and synergies between bidders. Yet, conservation auctions are usually set up for … read more »

International climate policy after Copenhagen: towards a ‘building blocks’ approach
This paper asks what can be hoped for the international climate change negotiation process in the wake of the 2009 Copenhagen conference, and what should be … read more »

Land use change and availability of ecosystem services in the Brazilian Atlantic Forest
The importance of quantifying existing ecosystem services, assessing the impacts of various land use decisions and ultimately evaluating the overall costs and benefits of different land use patterns having … read more »

Behavioural economics, hyperbolic discounting and environmental policy
This paper reviews some recent research in “behavioural economics” with an application to environmental issues. Empirical results from behavioural economics provide a reminder that human behaviour is context-dependent, implying … read more »

International air travel and greenhouse gas emissions: A proposal for an adaptation levy
(1287) Cameron Hepburn and Benito Müller Greenhouse gas emissions from international aviation services have been increasing rapidly and are likely to continue to do so in the absence of … read more »


