The ECT hinders EU climate and investment policy objectives. This piece explores the low likelihood of successful “modernization,” the EU’s role in convincing partners that it would be best to terminate the ECT, and steps for the EU to exit the treaty and neutralize its sunset clause

For sufficiently low abatement costs many countries might undertake significant emission reductions even without any international agreement on emission reductions. We consider a situation where a coalition of countries does not cooperate on emission reductions but cooperates on the development...

For sufficiently low abatement costs many countries might undertake significant emission reductions even without any international agreement on emission reductions. We consider a situation where a coalition of countries does not cooperate on emission reductions but cooperates on the development...

We explore the relationship between international policy coordination and domestic policy credibility when both must be self-supporting. Our arguments are presented in the context of a two-country, two-period model of dynamic emission abatement with transboundary pollution, where government...

We explore the relationship between international policy coordination and domestic policy credibility when both must be self-supporting. Our arguments are presented in the context of a two-country, two-period model of dynamic emission abatement with transboundary pollution, where government...

How many international agreements should there be, and who should sign them? When policy issues are separable, linking them in a "grand international agreement" facilitates policy cooperation by reallocating slack enforcement power. When policy issues are substitutes, issue linkage facilitates...

We explore the relationship between international policy coordination and domestic policy credibility when both must be self-supporting. Our arguments are presented in the context of a two-country, two-period model of dynamic emission abatement with transboundary pollution, where government...