Differences in property rights create a motive for trade among otherwise identical regions. Two regions with identical technologies, endowments, and preferences will trade if one, the South, has ill-defined property rights on environmental resources. Trade with a region with well-defined...

Climate change is one of the greatest challenges of our time. It is a global problem that has to be understood in the context of a globalising world with an increasing amount of goods being traded. This dissertation focuses on the interrelation between international trade and climate policies....