The success of climate and natural resource protection depends amongst others on the expansion of renewable energies. The policy paper describes the central results of the RESCUE study as well as the challenges and steps required to expand renewable energies in order to achieve greenhouse gas...

A fresh approach to the economics of climate change that bridges integrated assessment modeling and game theoretic modeling.Strategic Bargaining and Cooperation in Greenhouse Gas Mitigations: An Integrated Assessment Modeling Approach.

We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...