To achieve the commitments to both carbon peaking and carbon neutrality, China should focus on those policies of significant impact on emissions reduction at the lowest cost. Launching the national carbon market with the power generation sector is a good start point in this direction. Since its...

In this paper, we use an integrated assessment model to examine the implications of not recognizing, and partially recognizing forest carbon in climate policy. Specifically, we investigate the impact of an asymmetric carbon policy that recognizes emissions from fossil fuels while ignoring...

Different regulatory bodies tend to develop environmental policies not recognizing the interdependencies between externalities. For example, one authority may regulate a stock pollution and another a flow pollution that result from the same activity. This study introduces a two-phase...

Developing Asia has the world's fastest greenhouse gas emissions growth. This study uses an economy-energy-climate model to assess the effects of Paris Agreement pledges on Asia, in comparison with business as usual (BAU) and more ambitious scenarios. Results confirm that pledges must be...

We present a modification of the most commonly used integrated assessment model (IAM) of climate change (DICE-2016), AD-DICE2016, which is designed to address three key aspects of climateeconomy models: treatment of uncertainty, the use of more appropriate utility functions, and including...

From ecosystems we derive food and fiber, fuel and pharmaceuticals. Ecosystems mediate local and regional climates, stabilize soils, purify water, and in general provide a nearly endless list of services essential to life as we know it. To understand how to manage these services it is essential...

Voluntary standards certifying environmental qualities of labeled products have proliferated across sectors and countries. Effectuating these standards requires the collaboration among and between creators (typically firms and non-governmental organizations) and adopters (firms across a...

This paper reports an original economic valuation of the impact of climate change on the provision of forest regulating services in Europe. To the authors’ knowledge the current paper represents the first systematic attempt to estimate human well-being losses with respect to changes in...

Deforestation has long been heavily studied; several proximate and underlying causes behind the global decrease of forest extent have been discussed. However, systematic analyses of positive examples are sparse, even if forestation is happening in almost 70 countries (on approximately 40% of the...

In order to facilitate the use of biodiversity indicators in policy making at the country level, a few and well-established indices should be suggested. Promising candidates include biodiversity-related indices of the Convention on Biological Diversity; therefore I evaluate their current use and...