The two main hurdles to a widespread carbon capture and storage (CCS) deployment are: cost and social acceptance issues. Assessing a ccurately social preferences is thus interesting to determine whether CCS is socially optimal. Unlike most academic papers that have a dichotomous approach and...

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...

Since the publication of path-breaking contributions on the governance of environmental resources in the early 1990s many political initiatives have been taken, many governance experiments have been run, and a large multidisciplinary field of research has opened up. The aim of this...

The interdependency of socio-ecological systems and the increased reach of human activity have led to major political and scientific challenges in the governance of environmental resources. This chapter reviews the state of our knowledge on the matter. The chapter begins by discussing the...

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...