International climate negotiations at the 26th Conference of the Parties (COP26) in Glasgow were surprisingly productive. The Glasgow Climate Pact adds new tasks to the already full climate agendas of the European Union and its member states. Euro­pean policy makers will need to focus even more...

At the G7 summit in June 2022, the German government intends to promote international climate cooperation by establishing a climate club. This club is envisioned to foster implementation of the Paris climate goals and, ideally, grow into a global alliance of ambitious countries. In light of...

International cooperation on climate change and trade is intensifying, as highlighted by numerous initiatives launched at the multilateral, plurilateral, and bilateral levels. This is an encouraging development, signaling the major role of trade policy in supporting decarbonization efforts and...

Ecological labels are a market-oriented environmental policy instrument which is applied in a rising number of countries. Products have to meet several criteria in order to qualify for a label. Criteria on production processes of goods can potentially conflict with international trade rules....

Environmental policies frequently target the ratio of dirty to green output within the same industry. To achieve such targets the green sector may be subsidised or the dirty sector be taxed. This paper shows that in a monopolistic competition setting the two policy instruments have different...