A unilateral tax on CO2 emissions may drive up indirect carbon imports from non-committed countries, leading to carbon leakage. Using a gravity model of carbon trade, we analyze the effect of the Kyoto Protocol on the carbon content of bilateral trade. We construct a novel data set of CO2...

Dieser Aufsatz gibt einen Überblick über die Optionen nationaler Umweltpolitikgestaltung, sofern ein Land von nationalen oder grenzüberschreitenden Umweltproblemen betroffen und zudem mit anderen Ländern wirtschaftlich eng verflochten ist. Für rein nationale Umweltprobleme wird der Einfluß...

This paper is concerned with the cost-effective allocation of habitat for endangered species under spatio-temporally heterogeneous economic development. To address the dynamic dimension of the problem we consider tradable development rights (TDR) as the instrument of choice. A particular...

Economic theory suggests that with a pollution externality and learning spillovers related to renewable energy technologies, the optimal climate policy mix includes an emissions policy and an output subsidy to the learning industry. Instead of output subsidies, feed-in tariffs are often...