The US decision not to ratify the Kyoto Protocol and the recent outcomes of the Bonn and Marrakech Conferences of the Parties have important implications for both the effectiveness and the efficiency of future climate policies. Among these implications, those related with technical change and...

The present stalemate in climate negotiations between the USA and the other Annex I countries has led policy analysts and economists to explore the possible emergence of alternative climate regimes that may be applied after 2012. This article explores the idea of replacing international...

A central issue in tackling climate change is to understand to what extent different short-term mitigation strategies are consistent with long-term stabilization targets. The present article aims at cross-comparing emission paths derived by plausible short-term policies against those implied by...