Water is critical not only to economic progress and sustainable development but most importantly, to human survival. Yet, the way water is valued suggests an inexhaustible supply, when the opposite is true. This paper examines if water rights in the Philippines are underpriced and looks at how...

A great challenge facing future agricultural water policy is to explore the potential for transition from the current myopic competitive (common) exploitation of groundwater resources to a long-term efficient and sustainable allocation. A number of economic and/or command and control instruments...

A great challenge facing future agricultural water policy is to explore the potential for transition from the current myopic competitive (common) exploitation of groundwater resources to a long-term efficient and sustainable allocation. A number of economic and/or command and control instruments...

After several decades of improvement, water quality in the United States is getting worse, and the problem is primarily caused by run-off from non-point sources, such as farms and urban development. These non-point sources have never had regulatory mandates in the Clean Water Act, and have...

The author provides an overview of carbon markets and explains how emissions trading can be important in encouraging the reduction of CO2 emissions in an efficient manner. He describes the key steps in establishing a cap-and-trade system, and reviews the European experiences with emissions...

Over the past decade, climate variabilities have emerged as shaping the dynamics of international trade. The adverse externalities posed by climate change require a corresponding improvement in the production of food, trade and the adoption of abundant renewable energy resources. Our study...

In 2021, Germany will launch a national emissions trading system (ETS) in its road transport and housing sectors. This climate policy instrument aims at raising the energy cost burden of those households and firms that consume fossil fuels, the major source of carbon dioxide (CO2) emissions. A...

Legacy electricity retail tariffs are ill-adapted to future electricity systems and markets, particularly with regard to accommodating the multi-faceted shift toward decarbonisation. We examine how retail tariffs need to be reformed to not only meet the future revenue requirements of...

The pricing of carbon is an essential element in addressing climate change through market activity. Price exuberance can potentially result in a loss of confidence in these markets. We test to see whether the time-series changes from a random walk to an explosive process during the first five...

In line with economic theory, carbon ETS determines a rise in marginal cost equal to the carbon opportunity cost regardless of whether carbon allowances are allocated free of charge or not. Hence, common sense would suggest that .rms in imperfectly competitive markets will pass-through into...