Our daily lives are unimaginable without energy. Producing it, however, may be harmful to the environment depending on the energy source. The Paris Agreement brought a key question to the fore: with or without coal? The Powering Past Coal Alliance (PPCA) members, including the European Union,...

In this paper we test empirically with the Nordhaus and Yang (1996) RICE model the core property of the transfer scheme adv ocated by Germain, Toint and Tulkens (1997). This scheme is designed to sustain full cooperation in a voluntary international environmental agreement by making all...

The seminal contributions of William Nordhaus to scholarship on the long-run macroeconomics of global climate change are clear. Much more challenging to identify are the impacts of Nordhaus and his research on public policy in this domain. We examine three conceptually distinct pathways for that...