Climate policy poses a dilemma for environmental economists. The economic argument for stringent GHG abatement is far from clear. There is disagreement among both climate scientists and economists over the likelihood of alternative climate outcomes, over the nature and extent of the uncertainty...

Instead of efficiently pricing greenhouse gases, policy makers have favored measures that implicitly or explicitly subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies currently in use: ethanol subsidies, a renewable fuel standard (RFS),...

This report, published by the OECD's International Futures Program in cooperation with the Bob Hawke Prime Ministerial Center in Australia, aims to stimulate informed debate about the main integration issues facing the Asia-Pacific region in the decades ahead. It examines such issues as how the...