Bilateral trade and capital flows have increased substantially between the United States and China yielding economic gains to both countries. However, these beneficial bilateral relations also bring about global environmental consequences including greenhouse gas emissions. The authors develop a...

Bilateral trade and capital flows have increased substantially between the United States and China yielding economic gains to both countries. However, these beneficial bilateral relations also bring about global environmental consequences including greenhouse gas emissions. We develop a...

We study the effect of climate policy on companies' greenhouse gas emissions using emissions data for the headquarters and subsidiaries of the world's biggest manufacturing, energy, and utility companies. Our results suggest that financial incentives and legal requirements to audit energy use...

Carbon dioxide capture and storage (CCS) is considered to be an important option for reducing carbon dioxide (CO2) emissions. However, there are still concerns about its economic viability, especially if the risk of leakage in the storage site is taken into account. We use a real options...

In absence of joint global climate action, several jurisdictions unilaterally restrict their domestic demand for fossil fuels. Another policy option for fossil fuel producing countries, not much explored, is to reduce own supply of fossil fuels. We explore analytically and numerically how...

We study the effect of climate policy on companies' greenhouse gas emissions using emissions data for the headquarters and subsidiaries of the world's biggest manufacturing, energy, and utility companies. Our results suggest that financial incentives and legal requirements to audit energy use...

We construct measures of firms' beliefs about climate regulation, plans for future abatement, and current actions on emissions mitigation, using Carbon Disclosure Project data. These measures vary significantly around the Paris climate change agreement announcement. A dynamic model of a...

As governments, firms, and universities advance ambitious greenhouse gas emission goals, the demand for emission offsets – projects that reduce or remove emissions relative to a counterfactual scenario – will increase. Reservations about an offset’s additionality, permanence,...

Accounting and reporting of greenhouse gas emissions are mandatory for Parties under the Paris Agreement. Reporting of carbon dioxide (CO2) emissions is important for understanding the global carbon cycle and for addressing concerns of global climate change. Under the global system of...

International climate negotiations have been hamstrung by a dispute over whether a handful of developed countries have "historical responsibility" for climate change. The thesis rests on the presumed fact that a small number of early-industrializing nations (the "accused" countries) emitted an...