This study tackles a public finance issue on climate change: a carbon tax and government bonds to finance public spending for adaptation. This type of bond is known as ``green bonds" and presents remarkable growth in the global market. We construct an asset-pricing model in which climate change...

Time-saving goods and services have become increasingly popular because they increase a household's disposable time, which could be allocated to other activities that consume energy and/or electricity. We develop a simple theoretical model and define the time rebound effect as the increased...