We formally study the flexibility of emissions permits and propose a unified framework to rationalise the impact of both investment/divestment lags and irreversibility in relation to the price of emissions permits. Read more
carbon markets
Josh Burke examines the costs, opportunities, advantages and disadvantages of different carbon capture and negative emissions technologies. Read more
We formally study the determinants, magnitude and distribution of efficiency gains generated in multilateral linkages between permit markets. We provide... Read more
This paper develops a novel theoretical tool with which a jurisdiction can evaluate the economic gains it can expect to obtain by linking its emissions trading system (ETS) to one, two or many ETSs at the same time, and proposes a reason why the global market remains a distant dream. Read more
Upon completion, China’s national emissions trading scheme (C-ETS) will be the largest carbon market in the world. Recent research has... Read more
Governments and policymakers around the world must take more account of public opinion and not just economic arguments if they... Read more
Chapter in the Carbon Market Cooperation in Northeast Asia: Assessing Challenges and Overcoming Barriers compendium report. Published by the Asia... Read more
What affects how compliant businesses are with environmental regulations? Traditional enforcement measures such as fines and inspections by authorities can... Read more
This paper uses data on the compliance of installations regulated under the EU Emissions Trading Scheme to investigate how the levels of trust in a country affect the compliance of firms with regulations on climate change. Read more
Letter published in Nature, 20 April Read more
