We examine an open economy's strategy to reduce its carbon emissions by replacing its consumption of coal - very carbon intensive - with gas - less so. Unlike the standard analysis of carbon leakage, unilateral carbon-reduction policies with more than one carbon energy source may turn...

Shale gas is an alternative for conventional energy sources. When extracted in compliance with environmental and sustained development rules, it favors the concept of diversification of energy sources, giving spur to the development of economy and technology, and before all, to the energy safety...