Our daily lives are unimaginable without energy. Producing it, however, may be harmful to the environment depending on the energy source. The Paris Agreement brought a key question to the fore: with or without coal? The Powering Past Coal Alliance (PPCA) members, including the European Union,...

In this paper we test empirically with the Nordhaus and Yang (1996) RICE model the core property of the transfer scheme adv ocated by Germain, Toint and Tulkens (1997). This scheme is designed to sustain full cooperation in a voluntary international environmental agreement by making all...

The Integrated Assessment Model (IAM) has extensively treated the adverse effects of climate change and the appropriate mitigation policy. We extend such a model to include optimal policies for mitigation, adaptation and infrastructure investment studying the dynamics of the transition to a low...