Following the Copenhagen climate Accord, developed and developing countries have pledged to cut their greenhouse gas emissions, emissions intensity or emissions relative to baseline. This analysis puts the targets for the major countries on a common footing, and compares them across different...

This study analyses the economic and political consequences of introducing a tax on the carbon content of imported goods at EU borders and whether such a tax would be compatible with WTO rules. The major findings are: 1. A CO2 border tax or import tariff would increase global welfare; 2. Such a...

In the Tragedy of the Commons Hardin suggested that with respect to global commons we are trapped in a vicious circle where calculations of utility pushes us to keep polluting our own nest. This taken on a global scale has led to concerns about climate change and a realization that measures need...

The climate crisis is the most important long-term challenge facing policymakers around the world. Addressing it will require deep economic transformations within and across national borders, and a mix of ambition and pragmatism about what nations’ individual political and legal constraints...