We analyze how conventional emissions trading schemes (ETS) can be modified by introducing ”clean-up certificates” to allow for a phase of net-negative emissions. Clean-up certificates bundle the permission to emit CO2 with the obligation for its removal. We show that demand for such...

The importance of ecosystem functions for humankind is well known. But only few attempts have been undertaken to estimate the economic value of these ecosystem services. In particular, indirect methods are rarely used, even though they are most suitable for the task. This discrepancy is because...

Professor Sigman has selected the most authoritative previously published papers for this pathbreaking collection. This timely book examines private decision-making and government policy for the management of hazardous waste, the clean-up of contaminated land and the redevelopment of brownfield...