The objective of this paper is to assess the likely allocation effects of the current climate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGEmodel DART is used to simulate the...

Marginal abatement cost curves (MACCs) are one of the favorite instruments to analyze the impacts of the implementation of the Kyoto Protocol and emissions trading. As shown in this paper one important factor that influences MACCs are energy prices. This leads to the question of how to define...

The upcoming European Emissions Trading Scheme (ETS) is one of the more controversial climate policy instruments. Predictions about its likely impact and its performance can at present only be made to a certain degree. As long as the National Allocations Plans are not finally settled the overall...

Jim Yong Kim, President of the World Bank Group, discussed briefly the history of the Paris climate agreement. Infrastructure investment expected over the next 15 years. Most of this will be in developing countries. Making sure these investments are low-carbon and climate-resilient will be...

Jim Yong Kim, President of the World Bank Group, discussed the need to tackle climate change. What we need to do now is build unprecedented political action to fulfill the promises. He mentioned that climate volatility in places like the Sahel in Africa contribute to instability and fragility....