A two-tier climate club exploits the comparative advantage of large countries to mete out punishments through trade, while taking their capacity to resist punishment as a constraint. Countries outside the coalition price carbon at a fixed fraction of the average carbon price adopted within the...

The most prevalent and perhaps most popular climate policies in the U.S. are Renewable PortfolioStandards (RPS) that mandate that renewables (e.g., wind and solar) produce a specifiedshare of electricity, yet little is known about their efficiency. Using the most comprehensivedata set ever...

This article attempts to shed light on technological aspects of carbon abatement in China's power industry and is thus devoted to satisfying electricity planning requirements in the CO2 context. To that end, a technology-oriented dynamic optimization model for power system expansion planning has...