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...

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....

Carbon pricing policies worldwide are increasingly coupled with direct or indirect subsidies for emission-intensive and trade-exposed firms. We analyze the incentives created by novel forms of emissions intensity-based rebating (IBR) and contrast them with more common approaches like...

The present paper analyzes the impact of a climate coalition's border carbon adjustment on emissions from commodity production, welfare and the coalition size. The coalition implements border carbon adjustment to reduce carbon leakage and to improve its terms of trade, while the fringe abstains...