The Next Step for Climate Change Policy …

In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have … proposed an alternative policy regime based on a coordinated but decentralised system of national permit trading systems with a … system is an effective and realistic way to move forward on a sustainable regime for climate change policy. …

domestic effects of the emissions mitigation policy, compared with analyses that ignore international capital flows. …

capital is used to contrast environmental policy, which internalises externalised environmental values, with sustainability … policy, which achieves some form of intergenerational equity. The obvious environmental policy comprises an emissions tax and … a resource stock subsidy, each equal to the respective external cost or benefit. Sustainability policy comprises an …

Climate Policy and Uncertainty: The Roles of Adaptation versus Mitigation …