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International climate policy after Copenhagen: Towards a ‘building blocks’ approach

International climate policy after Copenhagen: Towards a ‘building blocks’ approach

a research article by Robert Falkner  18 October, 2010

This article reviews the options for future international climate policy after the 2009 Copenhagen conference. It argues that a major reassessment of the current approach to building a climate … read more »


Storage costs in commodity option pricing

Storage costs in commodity option pricing

a research article  18 October, 2010

Unlike derivatives of financial contracts, commodity options exhibit distinct particularities owing to physical aspects of the underlying. An adaptation of no-arbitrage pricing to this kind of derivative turns out … read more »


Public attitudes towards and demand for hydrogen and fuel cell vehicles: A review of the evidence and methodological implications

Public attitudes towards and demand for hydrogen and fuel cell vehicles: A review of the evidence and methodological implications

a research article by Susana Mourato  18 October, 2010

It is now widely recognized that effective communication and demand-side policies for alternative energy require sound knowledge of preferences and determinants of demand of the public and consumers. To … read more »


New rules, new politics, same actors: explaining policy change in the EU ETS

New rules, new politics, same actors: explaining policy change in the EU ETS

a working paper  1 October, 2010

The allocation rules for phase one EU ETS emissions permits demonstrates that energy generators were lobbying winners because they successfully blocked differential treatment (rules) from energy … read more »


China’s growth, China’s cities, and the new global low-carbon industrial revolution

China’s growth, China’s cities, and the new global low-carbon industrial revolution

a policy paper by Nicholas Stern  1 October, 2010

Unless the world embarks now on a new energy and industrial revolution it will be very difficult to manage the huge risks of climate change. Business-as-usual for the next few … read more »


Market and policy driven adaptation: an alternative perspective

Market and policy driven adaptation: an alternative perspective

a research article by Sam Fankhauser  18 September, 2010

The policy debate on climate change distinguishes two generic response options. The first (and more prominent) option is mitigation. Mitigation addresses the causes of climate change by reducing the … read more »


Comment: ‘Knock knock: where is the evidence for dangerous human-caused global warming?’ by Robert M. Carter

Comment: ‘Knock knock: where is the evidence for dangerous human-caused global warming?’ by Robert M. Carter

a working paper by Bob Ward  1 September, 2010

Carter (2008) notes that for climate change “sound science [sic] understanding is an essential prerequisite to any meaningful economic analysis”. Unfortunately, his paper contains serious and … read more »


Enforcement-proof contracts with moral hazard in precaution: ensuring ‘permanence’ in carbon sequestration

Enforcement-proof contracts with moral hazard in precaution: ensuring ‘permanence’ in carbon sequestration

a working paper by Charles Palmer  1 September, 2010

Opportunistic behaviour due to incomplete contract enforcement is a risk in many economic transactions, such as forest carbon sequestration contracts. In this paper, an enforcement-proof incentive … read more »


Cap-and-trade properties under different hybrid scheme designs

Cap-and-trade properties under different hybrid scheme designs

a working paper by Luca Taschini  1 September, 2010

We examine the key design mechanisms of existing and proposed cap-and-trade markets. First, it is shown that the hybrid systems under investigation (price floor using a … read more »


Environmental economics and modelling marketable permits

Environmental economics and modelling marketable permits

a working paper by Luca Taschini  1 September, 2010

We review fundamental concepts in environmental economics and explore theoretical results regarding the choice of the key policy instruments for the control of externalities: taxes, subsidies … read more »


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