Under the Kyoto Protocol to the Climate Convention Parties may participate in international emissions trading. For individual Parties this raises the question of whether to implement domestic emissions trading regimes in order to ease the transition process to an international regime. The...

Under the 1997 Kyoto Protocol, economies in transition are eligible for both emissions trading (Article 17) and joint implementation (Article 6). Guiding rules for implementing these mechanisms were decided through the Marrakech Accords in November 2001. These countries may benefit substantially...

Under the 1997 Kyoto Protocol, economies in transition are eligible for both emissions trading (Article 17) and joint implementation (Article 6). Guiding rules for implementing these mechanisms were decided through the Marrakech Accords in November 2001. These countries may benefit substantially...

The purpose of this paper is to give an overview of the economic literature on transboundary pollution. In particular the focus is 011 the most recent literature which incorporates behavioral assumptions with the help of game theory. In the first section the general context is introduced. and...

Transboundary pollution is pollution that is emitted in one country, and deposited or causing harm in another country. Due to the absence of a supranational institution that could enforce international legislation, transboundary externalities cannot be approached in the same way as domestic...