This paper addresses the role speculation may play in environmental protection under emissions trading. We build a two period model with n firms and a representative speculator, and compare a benchmark case with no speculation with one where speculation takes place under environmental policy...

This paper investigates the relation between income distribution and direct households’ emissions in Italy. Our results seem to confirm some recent articles concerned with incomepollution relationship in other countries. Indeed, our empirical analysis shows that decreasing inequality would...