Given the global nature of environmental challenges facing humanity, the role of international environmental institutions driving global and national sustainability goals is paramount. Firms are primary agents that can contribute to sustainability goals by reducing greenhouse gas emissions and...

International environment and development agencies increasingly emphasize external cofinancing when selecting projects to fund. This paper considers whether the emphasis on cofinancing helps promote institutional objectives, or creates perverse and inefficient incentives. We present a model of...

Global Environmental Governance tells the story of how the community of nations, nongovernmental organizations, scientists, and multinational corporations have in recent decades created an unprecedented set of laws and institutions intended to help solve large-scale environmental problems.