world where carbon pricing is imperfect and the regulator seeks to limit emissions to a (cumulative) target. We use a global …, we show that small deviations from the second-best subsidy can lead to strong increases in emissions and consumption …

its energy consumption and carbon emissions. Indeed, aligned with China’s grand experiment with low-carbon provinces and … market forces and opts for emissions trading, rather than carbon or environmental taxes at least initially, discusses the … five pilot trading schemes that have to comply with their emissions obligations by June 2014, and examines a wide range of …

the externalities involved, as well as with where the source of cooperation lies in cooperative game theory. In either …

Policies aimed at reducing emissions from fossil fuels may increase climate damages. This “Green Paradox” emerges if …