Climate change policies and trade policy are on a collision course. Border tax adjustments are at the center of the debate and are being considered in many Organization for Economic Co-operation and Development (OECD) countries, notably the United States and the European Union (EU). They will...

The rationale of voluntary corporate initiatives is often explained with anticipation of future regulation. We test this hypothesis for the Chicago Climate Exchange (CCX) and the Climate Leaders (CL), two popular voluntary US environmental programs to curb carbon emission that were operating...

While an international agreement over the reduction of greenhouse gases (GHGs) emissions proves to be elusive, there is a large and growing support for investment in developing more effective technologies to adapt to climate change. We show that an increase in effectiveness of adaptation will...