In the course of current climate negotiations, the world is watching the United States in particular. Together with China, the U.S. is by far the largest emitter of greenhouse gases. Real progress in protecting the global climate requires substantial action on America's part. The U.S. has the...

Vor dem kommenden UN-Klimagipfel in Kopenhagen blickt die Welt vor allem auf die USA. Sie sind neben China mit Abstand der größte Emittent von Treibhausgasen. Spürbare Fortschritte beim globalen Klimaschutz setzen einen erheblichen Beitrag der Amerikaner voraus. Spielraum für eine deutliche...

Der Pkw-Verkehr ist einer der wesentlichen Emittenten von Treibhausgasen. Daher werden mittlerweile in nahezu allen Industrieländern die spezifischen CO2-Emissionen beziehungsweise der spezifische Kraftstoffverbrauch der Fahrzeuge reguliert. Dieser Aufsatz gibt einen Überblick über die...

Firms subject to cost-of-service regulation cannot withhold windfall profits associated with free emissions allowances. This paper examines the efficiency and distributional impacts of two approaches to transfer free allowances to consumers: output subsidies and lump-sum payments. We employ an...

This paper presents the first empirical test of the green paradox hypothesis, according to which well-intended but imperfectly implemented policies may lead to detrimental environmental outcomes due to supply side responses. We use the introduction of the Acid Rain Program in the U.S. as a case...

This paper examines the determinants of climate related disasters and attempts to estimate the presence of adaptive capacity in terms of per capita income and population density elasticities. We find evidence of adaptive capacity in a “weak” form both in terms of income and population...

Firms subject to cost-of-service regulation cannot withhold windfall profits associated with free emissions allowances. This paper examines the efficiency and distributional impacts of two approaches to transfer free allowances to consumers: output subsidies and lump-sum payments. We employ an...

Understanding the potential impacts of climate change on economic outcomes requires knowledge of how economic agents might adapt to a changing climate. We exploit large variation in recent trends in temperature and precipitation to identify adaptation to climate change in US agriculture. We...

In the absence of first-best climate policy, we demonstrate that existing government institutions and policy established for reasons unrelated to climate change may induce climate adaptation. We examine the impact of temperature on ambient ozone concentration in the United States from 1980-2013,...

If one nation damages another, what are its obligations? This question can be approached and understood in diverse ways, but it is concretized in debates over the social cost of carbon, which is sometimes described as the linchpin of national climate policy. The social cost of carbon, meant to...