In this paper, we characterize optimal environmental policy in a case where innovation in clean production technologies is developed and provided by a monopoly. Two policy instruments are considered: an emission tax on downstream polluting firms and an R& D subsidy for an upstream innovator in...

This paper considers the impact of differences in endogenous technological change between two countries on global pollution emissions under international strategic interaction in environmental policies. First, we demonstrate that an environmentally lagging country's technology may continue to...

This article shows that in the presence of environmental externalities, it may be welfare enhancing to overcome a technological lock-in by a dead- end technology through governmental intervention. It is socially desirable to subsidize a dead-end technology if its environmental externality is...

Following the environmental Kuznets curve (EKC) literature and the theoretical climate change literature, we analyse the impact of per capita GDP on CO2 emissions at industrial level for several European countries. This relationship is evaluated comparing the adjusted EKC specification – CO2...

VOCs and NOx are the primary precursors in the formation of ground-level ozone (SMOG). The rate of formation is a function of concentrations, temperature and sunlight strength. Both pollutants as well as the ozone itself can be transported over very long distances. Therefore, it can affect...

In the past, environmental decision making has been based on analysis of policy options with respect to emission reduction, deposition or concentration of pollutants and the design of preventive strategies using disparate single-model and discipline results. It was impossible to obtain optimal...

The 1990 Canadian long-range transport of air pollutants and acid deposition report divided North America into 40 sources of emission and 15 sensitive receptor sites. For the purpose of national policy making and international negotiation, the use of these large sources and few receptors may...

In the past environmental management practices have been based on disparate analysis of the impacts of pollutants on selected components of ecosystems. However, holistic analysis of emission reduction strategies is necessary to justify that actions taken to protect the environment would not...

In the past environmental management practices have been based on disparate analysis of the impacts of pollutants on selected components of ecosystems. However, holistic analysis of emission reduction strategies is necessary to justify that actions taken to protect the environment would not...