The first Conference of the Parties to the UN Framework Convention on Climate Change opened the path for a new policy instrument to mitigate anthropogenic climate change. It instituted a pilot phase for international emission offsets, "Joint Implementation", open for all signatories to the...

EU member states observe an elaborate process to preserve macroeconomic stability: the macroeconomic imbalance procedure (MIP). The MIP is supposed to monitor and prevent macroeconomic imbalances – and if necessary, correct them. It considers a variety of variables to determine the existence...

Combining debt reduction with halting deforestation seems to be an attractive way of solving two urgent global problems at the same time at hardly any cost. But this view may be overly optimistic. What are the advantages and the drawbacks of debt-for-nature swaps? Are there any better alternatives?

The general public views international trade in waste materials overwhelmingly with disfavour. Is this negative attitude justified? Professor Hackmann offers an allocative and an ethical assessment of this question.

As the debate over the structural adjustment policies of the 1980s showed, the success of government policies in developing countries is also partly determined by the activities of a variety of interest groups. The same is also likely to apply to environmental policy. This article looks into the...