) and the South (China) in the presence of a global pollution externality. Each country's share of global pollution depends … on its share of world capital. We show that, if the disutility of pollution in the United States is high, there will be … pressure on the US to raise environmental regulations on industry. Capital will move to China. Because the increased pollution …

plastic pollution, extreme weather events, sea level rises, and others. In addressing these ocean risks, ensuring sufficient …

phasing in taxes or tradable permits to cover the costs of local air pollution, global warming, and other damages. Second, any …