Sustainable development, climate policy, biodiversity conservation - all these represent flash points at the intersection of environmental science, economics, and public policy. This volume offers a snapshot of environmental economic research on a range of policy-relevant problems. Academic...

Carbon pricing policies worldwide are increasingly coupled with direct or indirect subsidies where emissions pricing revenues are rebated to the regulated entities. This paper analyzes the incentives created by two novel forms of rebating that reward additional emission intensity reductions: one...

Unilateral emission reduction commitments raise concerns on international competitiveness and emission leakage that result in preferential regulatory treatment of domestic energy-intensive and trade-exposed industries. Our analysis illustrates the potential pitfalls of climate policy design...