This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO2) emissions is in their own national interests due to domestic co-benefits (leaving aside the global climate benefits). On average, nationally efficient prices are substantial, $57.5 per ton of...

This paper discusses structure, impact, costs, and efficiency of renewable energy supply in the eight largest advanced economies (the G-7 plus Spain), with focus on Germany. Renewables production costs are compared to benefits, defined as reductions in net carbon emissions; technological...

This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the last decade for 35 advanced and emerging countries. We use a new multi-country historical dataset...

Fiscal instruments are potentially among the most effective, and cost-effective, options for addressing externalities related to poor air quality, urban road congestion, and greenhouse gases. This paper takes a case study, focused on Mauritius (a pioneer in the use of green taxes) to illustrate...

Cofiring forest biomass residues with coal to generate electricity is often cited for its potential to offset fossil fuels and reduce greenhouse gas emissions, but the extent to which cofiring achieves these objectives is highly dependent on case specific variables. This paper uses facility and...

The partial equilibrium model PRIMES-transport has been used for the evaluation of different transport policy measures which are on the table at EU or national level. The model covers the transport activity by transport mode and their associated energy consumption and air pollution in the EU,...

In this paper we study the policy interactions between meeting a greenhouse gas emission constraint and local air pollution policies. We use a partial equilibrium model of a national energy market to address three questions. First what is the greenhouse gas emission reduction one can expect if...