In the immediate aftermath of the March 2011 TEPCO Fukushima Daiichi nuclear power plant accident, the German federal government decided to temporarily halt the operation of the country’s eight oldest energy-producing nuclear reactors. This was accompanied by a cabinet proposal to phase out...

This article investigates firms’ banking and pooling behaviors in the context of the EU Emissions Trading Scheme (EU ETS) during Phase I (2005-2007). It provides an overview of the questions raised at the firm-level by the introduction and implementation of the EU trading system in terms of...

This article proposes a theory of banking of emission permits under conditions of regulatory uncertainty. Based on a two-period partial equilibrium framework, we examine the effects of increasing risk - in the sense of a mean-preserving spread - regarding a future permits allocation at the...

The conservation or sustainable use of biological diversity presents special challenges for policy-makers because of its complex nature and the difficulties associated with identifying the underlying causes that lead to biodiversity loss. As such, it is often necessary that a range of incentive...

Les mécanismes du marché ne pourront résoudre qu'une part du défi climatique : la taxe carbone s'avère nécessaire pour impliquer tous les émetteurs, petits et grands. Comment voyez-vous le marché global du carbone évoluer dans les années à venir ? Il va certainement bien se...