This paper demonstrates how three important results in environmental economics, true under mild conditions in closed economies, are false or need serious amendment in a world with international trade in goods. Since the three results we highlight have framed much of the ongoing discussion and...

This chapter (Chapter 7 of Advocating Social Change through International Law) explores the evolution of the commitments to reduce greenhouse gases under the global climate change regime and the associated struggle with whether these mitigation commitments should be binding. Although in theory...

The two Koreas’ divergent growth and development paths resulting from political-economic or socioeconomic differences eventually have led to differences in environmental and ecological issues, North and South Korea typifying the problems facing poor and advanced countries respectively. Putting...

This paper demonstrates how three important results in environmental economics, true under mild conditions in closed economies, are false or need serious amendment in a world with international trade in goods. Since the three results we highlight have framed much of the ongoing discussion and...

This working paper commissioned by the World Bank Carbon Markets and Innovation Practice (GCCMI) critically examines experience with carbon markets under the Kyoto protocol. The de facto end of the Kyoto Protocol and heralding of the Paris Agreement era has created the space for critical...

Developing countries-both importers and exporters-could in fact benefit from carbon dioxide emissions trading to achieve tagets mandated by the Kyoto Protocol.The trading of rights to emit carbon dioxide has not officially been sanctioned by the United Nations Framework Convention on Climate...