International trade contributes directly to global greenhouse gas emissions, as the carbon
content of high-emission products is priced differently in different countries. This …

The Inflation Reduction Act (IRA) represents the largest US federal response to climate
change to date. We highlight the key climate provisions and assess the act's potential …

We examine the effect of corporate environmental innovation (hereafter eco-innovation) on
stock price crash risk and document a significant negative association. Utilising a large …

A low carbon fuel standard (LCFS) is a market-based policy that specifies declining
standards for the average lifecycle fuel carbon intensity (AFCI) of transportation fuels sold in …

Recognizing the importance of the second-best nature of economies, the Stern–Stiglitz
report on carbon pricing departed from the recommendation of a single carbon price for all …

We present a new framework to identify supply elasticities of storable commodities where
past shocks are used as exogenous price shifters. In the agricultural context, past yield …

Economists favor pricing pollution in part so that consumers face the full social marginal cost
(SMC) of goods and services. But even absent externalities, retail electricity prices typically …

This paper analyzes the effects of environmental policy on employment (and unemployment)
using a new general-equilibrium two-sector search model. We find that imposing a pollution …

China is implementing what is expected to become the world's largest CO 2 emissions
trading system. To reduce emissions, the nation employs a tradable performance standard …

Enterprises are essential to the realization of sustainable development in human society.
However, there is still a lack of simulation models that can dynamically explain, predict and …