Given that China is already the world’s largest carbon emitter and its emissions continue to rise rapidly in line with its industrialization and urbanization, there is no disagreement that China eventually needs to take on binding greenhouse gas emissions caps. However, the key challenges are...

Energy has a significant influence on the process of development in modern times. Accessibility to affordable and reliable energy is a must for production process and is indispensible for maintaining the growth momentum of an economy. The present paper focuses on the current and future energy...

India is one of the leading host countries of Clean Development Mechanism (CDM) projects, but these projects have been concentrated within ten states of the country. While the skewed distribution of CDM projects across countries is well recognized, little attention has been given to the skewed...

Energy security has been an important global policy issue for more than 4 decades. Transport biofuels like bioethnol have been receiving increased attention in recent years as a solution to heavy dependence on imported petroleum fuels, which brings destabilizing price effects on the economy and...

This paper probes into the growth and distributional consequences of four basic policy options emanating from the three sources of economic growth, namely, physical capital, human capital and technological progress, with the help of a computable general equilibrium model of India. The simulation...

Development of a vibrant and competitive services sector is a key characteristic of modern economies. In the developed world, services frequently account for two-thirds or three-quarters of all economic activity. The transition from agriculture through manufacturing to a services...

Development of a vibrant and competitive services sector is a key characteristic of modern economies. In the developed world, services frequently account for two-thirds or three-quarters of all economic activity. The transition from agriculture through manufacturing to a services...

Development of a vibrant and competitive services sector is a key characteristic of modern economies. In the developed world, services frequently account for two-thirds or three-quarters of all economic activity. The transition from agriculture through manufacturing to a services...

The Kyoto Protocol is the first international environmental agreement that sets legally binding greenhouse gas emissions targets and timetables for Annex I countries. It incorporates emissions trading and two project-based flexibility mechanisms, namely joint implementation and the clean...

Many economic studies suggest that China would reap significant benefits from participating in a global cap-and-trade regime. The question then is that even if such a regime is so beneficial to China, why China has consistently refused in international negotiations even to discuss its...