type="graphical" xml:id="gpol12164-abs-0002"> <p>It is always a risk for decision makers to neglect short-term benefits and costs. Therefore, a smart design of climate policy has to reconcile the short-term and long-term perspective.<blockFixed type="graphic" xml:id="gpol12164-blkfxd-0001"> <mediaResourceGroup> <mediaResource alt="image" href="urn:x-wiley:17585880:gpol12164:gpol12164-toc-0001"/> </mediaResourceGroup> </blockFixed>

We introduce endogenous directed technical change into numerical integrated climate and development policy assessment. We distinguish expenditures on innovation (R&D) and imitation (international technology spillovers) and consider the role of capital investment in creating and implementing new...

Suggestions on international cooperation in climate policy beyond 2012 include substituting or complementing international environmental agreements (IEA) with technology-oriented agreements (TOA). We look at the impact of TOA on environmental cooperation in a framework of coalition stability....

Novel Carbon Dioxide Removal (CDR) technologies have seen a first wave of deployment, driven by investments through voluntary carbon markets and by specific support policies. To sustain the momentum, a credible long-term policy path is urgently needed to lead removal technologies through the...

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...

It is a well-known result in economics that land value taxation is efficient since it does not distort the supply of the tax base. Considering only efficiency, land value should thus be fully taxed. Using optimal taxation theory with heterogeneous households, we show that it may be optimal not...