In this paper, we extend the problem of decentralization of Pareto optima in an economy with production externalities to the case where the production capacities upon which Pareto optimality is defined may differ from the aggregate of the firms expectations about their production possibilities....

This paper focuses on the influence of the influence of the opening of a market of allowances, such as the European Union Emission Trading Scheme, on the general equilibrium of an economy. Assuming there existed an equilibrium before the opening of this new market, we describe the changes in the...

With global warming, Canadians are becoming increasingly aware of the importance of effective environmental policies. In his paper Anthony Scott, a pioneer in the areas of resource and environmental economics in this country, provides a comprehensive discussion of the role economists can and...

This is to underline the effect of natural disaster in Latin-America cities, for they were and are the agents of society evolution. Above all, this work intends to be a contribution to reflection and an invitation to analysis production on natural catastrophes in Latin-America, due to the...

Annual global CO2 emission forecasts at 2100 span 10 to 40 billion tonnes. Modeling work over the past decade has not narrowed this range nor provided much guidance about probabilities. We examine the time-series properties of historical per capita CO2 emissions and conclude that per capita...

Hurricane Katrina caused the greatest damage of any hurricane in American history. We look at the rebuilding effort in New Orleans through the lens of two other disasters that occurred in 1992: Hurricane Andrew in Miami and the Rodney King riots in Los Angeles. The rebuilding effort in New...

The economic and policy framework for investment decisions in the power generation sector in China are investigated. Our analysis combines a review of the existing legal framework with a survey of stakeholders in industry and government. Based on interviews with over 60 stakeholders, we find a...

Analyzing the risks of anthropogenic climate change requires sound probabilistic projections of CO2 emissions. Previous projections have broken important new ground, but many rely on out-of-range projections, are limited to the 21st century, or provide only implicit probabilistic information....

Climate Change poses a wide range of potentially very severe threats in China. This aggravates the existing vulnerability of China and is one of the big challenges faced by the Chinese government. Adaptation programmes and projects are being developed and implemented at national and local level....

We study the effectiveness of climate change policy in a model with multiple non-renewable resources that differ in their carbon content. We find that, when allowing some time between announcement and implementation of a cap on carbon dioxide emissions, emissions from non-renewable energy...