Hitzetote in Pakistan, Überschwemmungen in Russland, Dürren in Kalifornien, schmelzende Gletscher, Ernteverluste und ein Jahrhundertwein im Rheingau 2015: Die Auswirkungen des Klimawandels lassen sich bereits auf allen Kontinenten und in allen Ozeanen beobachten. Die internationale...

The selection of climate policies should be an exercise in risk management reflecting the many relevant sources of uncertainty. Studies of climate change and its impacts rarely yield consensus on the distribution of exposure, vulnerability, or possible outcomes. Hence policy analysis cannot...

Fiscal considerations may shift governmental priorities away from environmental concerns: Finance ministers face strong demand for public expenditures such as infrastructure investments but they are constrained by international tax competition. We develop a multi-region model of tax competition...

The European Union's plan for climate neutrality by 2050 reopens the question of the role carbon pricing can and should play. Carbon pricing should not - and ultimately cannot - only be an enforcement tool or backstop that ensures targets are met, while the heavy-lifting of decarbonisation comes...