This article addresses the problem of how to set caps for a cap-and-trade program, a key problem in pending legislation addressing global climate disruption. Previous scholarship on emissions trading programs focuses overwhelmingly on trading’s advantages and sometimes wrongly portrays...

With paroxysm of technology due to new invention and innovations, nation across the world are experiencing extreme developmental activity. Though these activities meant for betterment of society but on the contrary it is posing threat to natural environment. The damages could be water pollution,...

Although agriculture could contribute substantially to European emission reductions, its mitigation potential lies untapped and dormant. Market-based instruments could be pivotal in incentivizing cost-effective abatement. However, sector specificities in transaction costs, leakage risks and...

The European Commission (2001a) has recently presented a directive proposal to the Parliament and the Council in order to implement a tradable permits scheme. However, as stressed by the positive political economy, due to the influence of various interest groups, very few environmental policies...

The Kyoto Protocol on climate change allocates tradable quotas to developed countries, but let them free to choose the means to respect their quota. There are good reasons for a country not to control its firms through internationally tradable permits. We thus compare a tax and purely domestic...

This paper reviews the most important theoretical foundations of the spatial competitiveness conception, dealing with three levels of competitiveness: the country, the region and the tourism destination. Consequently, it draws attention to the main aspects that such concepts of competitiveness...

The Kyoto Protocol on climate change allocates tradable quotas to developed countries, but lets them free to choose the means to respect their quota. There are good reasons for a country not to control its firms through internationally tradable permits. We thus compare a tax and purely domestic...

The paper investigates how a system of emission trading can stimulate the diffusion of cleaner vehicles. We start from cross-sectoral energy efficiency investment opportunities that are found in data on CO2 emissions during the production and the use of cars and trucks. We therefore elaborate...

Emission trading has become recently more and more import in environmental regulation. In the context of controlling greenhouse gas emissions, the directive on a Europewide trading scheme for large immobile sources may be perceived as one of the most important milestones in recent years. Prior...

Regardless of whether or not the Kyoto Protocol enters into force, the EU may decide to set itself a long-term greenhouse gas emission target and thus to continue its leadership role in international climate policy. As for the first commitment period of the Kyoto Protocol, the EU may decide on a...