We examine the relative attractions of a carbon tax, a" pure" cap-and-trade system, and a"
hybrid" option (a cap-and-trade system with a price ceiling and/or price floor). We show that …

This paper provides a review of economic studies analysing the use of multiple policies–a
so‐called policy mix–to cope with single pollution problems. To guide and structure the …

Climate change is driven by the buildup of greenhouse gases (GHGs) in the atmosphere,
which is predominantly the result of the world's consumption of fossil fuels. GHGs are a …

“Climate Shock could have reasonably been called But Will the People Notice? It'sa
layperson's survey of climate economics, a field that includes cost-benefit analysis and other …

In one of the central scenarios for meeting an European Union-wide net zero greenhouse
gas (GHG) emissions target by 2050, the emissions cap in the European Union Emissions …

Global warming is one of today's greatest challenges. The science of climate change leaves
no doubt that policies to cut emissions are overdue. Yet, after twenty years of international …

This article presents an overview of the design and performance of seven major emissions
trading programs that have been implemented over the past 30 years and identifies a …

How well do our assumptions about the global challenges of energy, environment and
economic development fit the facts? Energy prices have varied hugely between countries …

We assess different policies for reducing carbon dioxide emissions and promoting
innovation and diffusion of renewable energy. We evaluate the relative performance of …

There is a growing interest in using carbon taxes to reduce greenhouse gas emissions, not
only in industrialized economies but also in developing economies. Many countries have …