This paper compares the Kyoto Protocol and the Paris Agreement in the dynamic game of Battaglini and Harstad (2016). The asymmetric Nash solution of this game reflects the Paris Agreement, whereas the symmetric Nash solution reflects the Kyoto Protocol. In a large set of economies, the Kyoto...

More technology implies higher welfare. Therefore, it is individually rational to cooperate on technological development. It is not individually rational cooperate on greenhouse gas emission reduction. If technology cooperation only comes with cooperation on emission reduction, incentives to...

We analyse games of greenhouse gas emission reduction in which the emissions and the emission reduction costs of one country depend on other countries? emission abatement. In an analytically tractable model, we show that international trade effects on costs and emissions can either increase or...

The powerful typhoon Haiyan that swept across the Philippines is one of the strongest storms ever to make landfall, cut a path of destruction through several central islands, causing scores of people dead. The disaster's full impact is still revealing as the entire country has been caught in a...

Climate change related risks impact and challenge the private sector in many different ways. This also applies to risk drivers like a companies' reputation and a changing consumer behavior. Since significant risk drivers for companies differ just as much as companies themselves, a sector...

In the next years several power plants throughout Europe have to be replaced and the questions is whether to build coal fired power plants with carbon capture and storage (CCS). In a study for the city of Kiel in northern Germany only a 800 MW coal power plant reaches a required minimum...

In the next years several power plants throughout Europe have to be replaced and the questions is whether to build coal fired power plants with carbon capture and storage (CCS). In a study for the city of Kiel in northern Germany only a 800 MW coal power plant reaches a required minimum...

Consider a situation in which countries anticipate an international environmental agreement (IEA) to be in effect sometime in the future. What is the impact of the future IEA on current emissions after its announcement? We show that the answer to this question is ambiguous. We examine four types...

Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have delivered meaningful messages with clear implications to the effects of a changing climate. In a nutshell, the authors claim that a 1°C increase in global average temperatures...

The Katunggan It Ibajay (KII) Eco-Park (44.22 ha-1) in Bugtongbato, Ibajay, Aklan, Philippines was selected in this study to determine the species diversity and to quantify the soil carbon sequestration potential of mangrove species. In identifying and recording the trees in the area, five (5)...