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...

Background: Agricultural soils contribute towards the emission of CH4 (mainly from paddy fields) and N2O (from N-fertilizer application), the two important greenhouse gases causing global warming. Most studies had developed the inventories of CH4 and N2O emission at the country level (larger...

Energy use is intertwined with environmental harms, climate, and economic development. However, the United States has failed to balance these interests together to make effective policy that can address each of these issues. The need for such integrative policy has become more and more obvious...

This paper models strategic behavior in the market for sulfur dioxide emissions allowances. Firms are monopolies in their respective output markets and strategic players in the input market for allowances. A competitive allowance market provides the benchmark setting, and in this case, any...

Emissions trading is widely regarded as a cost-effective means of helping industrialized countries comply with their Kyoto emissions targets by ensuring that reductions in greenhouse gas emissions are made where they are least costly. If emissions trading among sub-national entities is...

Emissions trading schemes on entity level are becoming more and more important in the context of controlling greenhouse gases. The directive on a Europe-wide trading scheme is a prime example. Prior to the start of such a scheme, a number of design features have to be agreed upon. Regarding the...

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...

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...

Greenhouse gas abatement is a public good, so climate policy is a public-goods game and suffers from the free-rider incentives that make the outcome of such games notoriously uncooperative. Adopting an international agreement can change the nature of the game, reducing or exacerbating the...