The first IPCC Assessment Report was released in 1990 and served as the scientific basis of the decisions taken within the United Nations Framework Convention on Climate Change (UNFCCC), signed in 1992. In 1997, the Convention adopted the Kyoto Protocol, which entered into force on 16 February...

This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with five scenarios in which Greenhouse Gases emissions are taxed, at different levels. The elasticity of China’s emissions is...

This paper analyses the relationship between different equity rules and the incentives to sign and ratify a climate agreement. A widespread conjecture suggests that a more equitable ex-ante distribution of the burden of reducing emissions would provide the right incentives for more countries -...