The debate on the European Union Emissions Trading Scheme (EU ETS) is blurred, over-simplified and sometimes misguided. There appears to be confusion about what the EU ETS should deliver, whether it is effective in doing so, and how the scheme should be characterized. In our paper we aim to...

Voluntary agreements (VAs) have been widely used in environmental policymaking over the past 20 years. This paper reviews relevant theoretical and empirical literature on VAs, assessing their performance in terms of effectiveness and efficiency. Effectiveness is evaluated on three criteria: (i)...

The paper gives a benefit-cost analysis of ammonia emission control policy in TheNetherlands. Particular care has been given to calculation of the health benefits. Adose-response relationship between air pollution and the number of work loss dayshas been estimated by applying the one-way...