The paper starts with a review of literature focusing on links between democracy and environmental protection, pointing out a fair weight of scientific evidence that democratic societies on average enjoy a higher level of environmental quality than autocracies. It subsequently provides a quick...

Quota obligation schemes based on tradable green certificates have become apopular policy instrument to expand power generation from renewable energy sources(RES). Their application, however, can neither be justified as a first-best response toa market failure, nor, in a second-best sense, as an...