Carbon pricing is a recurrent theme in debates on climate policy. Discarded at the 2009 COP in Copenhagen, it remained part of deliberations for a climate agreement in subsequent years. As there is still much misunderstanding about the many reasons to implement a global carbon price, ideological...

This article, focusing on produce and grain, discusses the environmental and climate change impacts of food production, processing, packaging, and distribution, which ultimately contributes to both economic and social costs. The article addresses environmental energy costs in the food supply

This paper examines self-enforcing International Environmental Agreements (IEAs) in an open economy environment. Using an extended model of Barrett (1994), we show that: (i) equilibrium tariff is positive; (ii) the endogenously determined size and the effectiveness of an multilateral IEA are the...

This article explores ecosystem service trading. To date, most of the literature on this topic has focused on programs in which those who purchase rights to ecosystems use them to replace other, damaged ecosystems. An example would be the Wetlands Mitigation Banking Program, about which much as...

The Stern Review on the Economics of Climate Change concluded that there can be "no doubt" the economic risks of business-as-usual climate change are "very severe" (Stern, 2006, p188). The total cost of climate change was estimated to be equivalent to a one-off, permanent 5-20% loss in global...

International transfers in climate policy channeled from the industrialized to the developing world either support the mitigation of climate change or the adaptation to global warming. From a purely allocative point of view, transfers supporting mitigation tend to be Pareto - improving whereas...

International transfers in climate policy channeled from the industrialized to the developing world either support the mitigation of climate change or the adaptation to global warming. From an allocative efficiency point of view, transfers supporting mitigation tend to be Pareto-improving...