Climate change is an important environmental problem and one whose economic implications are many and varied. This paper starts with the presumption that mitigation of greenhouse gases is a necessary policy that has to be designed in a cost effective way. It is well known that market instruments...

Climate change is a global problem whose particular characteristics mean that public-sector policy is fundamental in tackling it: a public-sector policy implemented world-wide that requires the co-operation of a large number of very different stakeholders. Innovative instruments are needed that...

Climate change is an important environmental problem and one whose economic implications are many and varied. This paper starts with the presumption that mitigation of greenhouse gases is a necessary policy that has to be designed in a cost effective way. It is well known that market instruments...