In order to limit global mean temperature increase, long-term greenhouse gas emissions need to be reduced. This paper discusses the implications of greenhouse gas emission reductions for major Asian regions (China, India, Indonesia, South-East Asia, Japan and Korea) based on results from the...

Transport is essential for the control of future greenhouse gas (GHG) emissions and thus a target for active policy intervention in the future. Yet, social preferences for policies are likely to play an important role. In this paper we first review the existing literature on preferences...

We provide counterexamples to the idea that mitigation of greenhouse gas emissions, and adaptation to climate change, are always substitutes. We consider optimal mitigation policy when climate damages follow a geometric Brownian motion process with positive drift and mitigation is lumpy. Climate...

R&D industry is introduced into a CGE model (KEI-Linkages) as a means to mimic the endogenous technological progress in the Korean economy. We found that providing across-the-board subsidy on R&D expenditure may lead to an increase in the carbon intensity, as well as the real GDP for the Korean...

In this paper, we explore energy efficiency policies in the presence of a global environmental problem and international cost interdependency associated with R&D activities. We develop a simple model with two regions where the cost of an appliance in one region depends upon the level of energy...

Subglobal climate policies will be the norm for some years to come. However, several options exist for improving the efficiency of domestic emissions regulation. A prominent but contentious policy option for improving the external efficiency is the implementation of carbon tariffs on...

This paper argues that the 2009 pledge of $100 billion in 2020 by rich countries for mitigation and adaptation should not be used for mitigation by commercial firms in developing countries, since that would artificially create competitive advantage for such firms and provoke protectionist...

The POLES energy model has been used to assess Asia's role in combating climate change and the benefits it stands to gain. This paper focuses on the role of major Asian economies in the global effort to reduce greenhouse gas emissions and the benefits to their economies from reduced energy...

The European Parliament has agreed on a target of a 20% share of renewables in the EU's total energy consumption by 2020. To achieve the target, the European Council has adopted mandatory differentiated national targets for each of the member states. In this paper, we consider the use of green...

This paper presents a range of insights from recent literature on how climate-change policies and other environmental policies interact with the fiscal system. It explores four issues associated with fiscal interactions. First, it examines how these interactions influence the prospects for a...