The payment for ecosystem services (PES) emerges as part of an arsenal of tools for innovative domestic financing for otherwise absent markets relating to natural resource management. Its traditional framework aspects of conditionality, voluntary transaction, at least one buyer and seller, and...

This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of technical change, and the economy. We derive the...

The performance of market based environmental regulation is affected by patents and vice versa. This interaction is studied for a new type of innovation where new technologies reduce emissions of a specific pollutant but at the same time cause a new type of damage. A robust finding is that the...