Im Juni 2013 hat die Regierung von US-Präsident Barack Obama mit dem sogenannten »Climate Action Plan«, einen neuen Versuch gestartet, die Treibhausgasemissionen vor allem im Transport- und Elektrizitätssektor in den nächsten Jahren zu reduzieren. Vor diesem Hintergrund gibt der Artikel...

This paper examines the valuation implications of greenhouse gas (GHG) emissions allowances. We posit that the value of a firm's bank of emission allowances has two components that are likely to be positively valued by the capital market: 1) an asset value component; and 2) a real option value...

In the past, environmental decision making has been based on analysis of policy options with respect to emission reduction, deposition or concentration of pollutants and the design of preventive strategies using disparate single-model and discipline results. It was impossible to obtain optimal...

The 1990 Canadian long-range transport of air pollutants and acid deposition report divided North America into 40 sources of emission and 15 sensitive receptor sites. For the purpose of national policy making and international negotiation, the use of these large sources and few receptors may...

In the past environmental management practices have been based on disparate analysis of the impacts of pollutants on selected components of ecosystems. However, holistic analysis of emission reduction strategies is necessary to justify that actions taken to protect the environment would not...

The 1990 Canadian long-range transport of air pollutants and acid deposition report divided North America into 40 sources of emission and 15 sensitive receptor sites. For the purpose of national policy making and international negotiation, the use of these large sources and few receptors may...

Im Juni 2013 hat die Regierung von US-Präsident Barack Obama mit dem sogenannten »Climate Action Plan«, einen neuen Versuch gestartet, die Treibhausgasemissionen vor allem im Transport- und Elektrizitätssektor in den nächsten Jahren zu reduzieren. Vor diesem Hintergrund gibt der Artikel...

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

This study adopts a discrete choice modelling methodology to evaluate individuals' preferences over planning alternatives for an urban site of environmental interest. Since such projects involve some uncertainty and irreversibility, a special attention is devoted to the estimation of the...