Jurisdictions worldwide increasingly affirm their contributions to the Paris Agreement by
pledging net-zero targets. We argue that delivering on net-zero targets compels a backward …

Reducing the emissions of greenhouse gases may be almost impossible without a green
transition—a substantial transformation of consumption and production patterns. To study …

Livestock is known to contribute significantly to climate change and to negatively impact
global nitrogen cycles and biodiversity. However, there has been little research on …

The debate on industrial policy has made a comeback in both academic and policy circles.
Yet, no consensus exists on an industrial policy paradigm and the absence of a common …

A tractable dynamic model of international climate policies is analysed. The choice of
bargaining game influences participation levels, emission quotas and technology …

Carbon emissions have global consequences. The international community may therefore
wish to intervene when domestic regulation fails. Indeed, free-riding incentives, political …

The purpose of this book is to present an overview of, and introduction to, the time-
inconsistent control theory developed by the authors during the last decade. The theory is …

What are the optimal climate policies when time preferences deviate from the standard
exponential discounting and decision makers cannot commit to future policies? We show …

The year 2020 marks the centennial of the publication of Arthur Cecil Pigou's magnum opus
The Economics of Welfare. Pigou's pricing principles have had an enduring influence on the …

Any global temperature target must be translated into an intertemporal carbon budget and its
associated cost-efficient carbon price schedule. Under the Hotelling's rule without …