The work summarized in this report fills a knowledge gap by contributing to an improved understanding of the links between competitiveness and pollution. Specifically, it argues that pollution need not be an inevitable consequence of development. Indeed, there are examples of cities that have...

In this paper, authors explore the effects of uncertainty on pricing of pollution permits, through the use of a dynamic model of pollution markets. Authors consider two major sources of uncertainty - that arising from the volatility of demand for the underlying resource and that coming from the...