This paper compares the Kyoto Protocol and the Paris Agreement in the dynamic game of Battaglini and Harstad (2016). The asymmetric Nash solution of this game reflects the Paris Agreement, whereas the symmetric Nash solution reflects the Kyoto Protocol. In a large set of economies, the Kyoto...

This article summarizes the insights of an Energy Modeling Forum study on the magnitude and distribution of economic adjustment costs to greenhouse gas emission constraints in the aftermath of the Paris Agreement where countries voluntarily committed themselves to Nationally Determined...

It is widely believed that an environmental tax (price regulation) and cap-and-trade (quantity regulation) are equally efficient in controlling pollution when there is no uncertainty. We show that this is not the case if some consumers (firms, local governments) are morally concerned about...

The shared bicycles had become an important choice for Beijing citizens to travel "the last kilometer" on a daily basis. By replacing buses and cars, sharing bicycles can reduce urban carbon emissions, and only occupy a small area of parking space, thus improving urban land use efficiency. A...

Non-condensable gases (NCG) in condensing geothermal flash plants have negative effects as they reduce heat transfer and thus deteriorate vacuum in condenser. Therefore, it is necessary to evacuate the condenser by vacuum pumps which substantially increases the parasitic load of the plant....