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Understanding the relationship between international trade and CO2 emissions is crucial for designing appropriate measures to address climate change. This article focuses on CO2 emissions as one of the trade flow determinants of the EU countries, along with other factors including remoteness,...
Persistent link: https://www.econbiz.de/10014485152
The rationale of voluntary corporate initiatives is often explained with anticipation of future regulation. We test this hypothesis for the Chicago Climate Exchange (CCX) and the Climate Leaders (CL), two popular voluntary US environmental programs to curb carbon emission that were operating...
Persistent link: https://www.econbiz.de/10011753325
The 1998 Kyoto protocol signalled a new earnestness of international intent toward addressing the perceived risk of climate change. Kyoto demands that developed nations turn their economies so as to hit differentiated, sub-1990 level carbon emission targets within the next decade or so. But when...
Persistent link: https://www.econbiz.de/10011608508
The Brussels Effect, once emblematic of the EU's alleged influence in shaping global regulations, has now become a factor contributing to global regulatory fragmentation. The EU must recalibrate its trajectory towards a liberal and rules-based trading order, prioritizing widespread regulatory...
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Shipping emissions in ports are substantial, accounting for 18 million tonnes of CO2 emissions, 0.4 million tonnes of … shipping are in Asia and Europe (58%), but this share is low compared to their share of port calls (70%). European ports have … regulation to use low sulphur fuels at berth. The ports with the largest absolute emission levels due to shipping are Singapore …
Persistent link: https://www.econbiz.de/10010507038
CO2 emissions from international shipping, which are currently unregulated, are predicted to rise from 2.7% today to 18 … allocating CO2 emissions from international shipping to individual countries. We discuss economic and regulatory issues related … shipping emissions should be conducted on the basis of the operating company. …
Persistent link: https://www.econbiz.de/10010285361
The Ramsey rule for the consumption rate of discount assumes a transfer of money of a (representative) agent at one point in time to the same agent at another point in time. Climate policy (implicitly) transfers money not just over time but also between agents. I propose three alternative...
Persistent link: https://www.econbiz.de/10010326296