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...

This paper investigates the economic implications of a comprehensive approach to sustainable greenhouse policies that strives to stabilise the atmospheric concentration of the five major greenhouse gases at an ecologically determined threshold level. In a theoretical optimisation model...

This paper surveys recent advances in climate models by emphasising how quantitative instruments can answer the main crucial questions addressed by the policymakers involved and therefore aid the formulation of effective global climate policies. The limits of existing models are highlighted and...

Adoption of climate change response options generates not only global carbon-saving benefits but also local externalities, here denominated as secondary benefits. So far funding for global warming response options, such as GEF, has discriminated against secondary benefits (SD) in their project...

In March 2007 EU Heads of State and Government endorsed an integrated climate change and energy strategy put forward by the European Commission which outlines the EUu0092s proposals for a global and comprehensive agreement to combat climate change after 2012, when the Kyoto Protocol targets will...

This report covers three different but related issues in international trade and climate change. First, by comparing the climate impacts of specific EU-produced goods with their imported counterparts, the report quantifies some of the ways in which international trade contributes to increased...