Weitzman's price-quantity analysis framework has been widely used, and in the field of
climate economy it is applied to choose proper emissions reduction instruments for best …

Reforms in 2015 and 2018 fundamentally changed the design of the EU Emissions Trading
System (ETS). The Market Stability Reserve (MSR) was created to increase resiliency to …

This study investigates the relationship between corporate greenhouse gas (GHG)
emissions and corporate social responsibility (CSR). Using GHG emissions data and the …

This study analyzes the effect of the penalty system in an emission trading scheme (ETS) on
pricing and abatement activities. No previous studies have shown that the ways of …

Tradable license system (TLS) is a fundamental policy instrument for environmental
management or resource development. We construct a muti-periods dynamic model with …

Two central principles of environmental economics are (1) that economically efficient
policies to limit harmful emissions should be designed in a way that equates the marginal …

How to minimize the emission of air pollutants while making decisions about mitigating
climate change has become a hot research topic. Considering the homologous homology of …

Unlike other auction-based carbon emission markets, California's carbon market (AB32)
utilizes a consignment auction design in which utilities are allocated a share of emissions …

Avoiding irreversible climate change as effectively as possible is one of the most pressing
challenges of society. Carbon pricing that is uniformly valid on a global and cross-sectoral …

Emission trading systems (ETS) represent a widely used instrument to control greenhouse
gas emissions, while minimizing reduction costs. In an ETS, the desired amount of …