This is the first book combining research on the Global Environment, Catastrophic Risks and Economic Theory and Policy. Modern economic theory originated in the middle of the twentieth century when industrial expansion coupled with population growth led to a voracious use of natural resources...

This paper reviews a range of issues relating to tradeable carbon dioxide quotas. It considers the economic principles on which they are based, compares them with alternative carbon abatement policies, and reviews many aspects of how tradeable quotas would be implemented in practice ...

Contents: Introduction -- section I: The political economy of climate change and climate policy -- 1. Distributional issues in climate policy: Air quality co-benefits and carbon rent / James K. Boyce -- 2. Evaluating policies to implement the Paris Agreement: A toolkit with application to China...