Stabilization of greenhouse gases at sustainable levels is the objective of the FCCC. Strategies to achieve this aim have been the object of intense debate. This paper focuses on one emissions trading system under scrutiny, Joint Implementation (JI). The basic premise of JI is that one nation...

The goal of the Framework Convention on Climate Change (FCCC) is to stabilize the concentration of greenhouse gases in the atmosphere at levels which avoid dangerous anthropogenic interference with the climate (United Nations, 1992). This paper examines the performance and cost characteristics...

Using an applied general equilibrium model, we explore the impacts of uniform reduction targets, a uniform carbon tax, and permit trading in the Annex 1 countries for the period 2000-2020. Next, we assess the impacts of enlarging the A-1 coalition to the globe, and allow for global permit...

This paper critically assesses the literature on the relationship between economic integration and the environment. In particular, we investigate how trade liberalisation and capital market integration affect environmental policy and thus environmental quality. Conversely, we also study how...

This paper sheds some light about privatisation in utilities. An empirical analysis based on sales in the electricity sector in 38 countries for the period 1977-97 shows that regulation is a crucial institutional variable in privatisation. Not only does it allow governments to increase the pace...

A number of recent papers have found that certain measures of pollution worsen and later improve as income per head increases. It is widely believed that the downhill portion of this inverted-U curve reflects an induced policy response; that, as incomes rise, citizens demand improvements in...

This study surveys the academic and professional literature examining the privatisation of state-owned enterprises (SOEs), with a focus on empirical studies. Privatisation has been instrumental in reducing state ownership in many countries and had a transforming effect on global stock markets,...