This paper presents valuation models of emission allowance options under an emission trading scheme, operating in an open trading phase, where unused allowances are banked to subsequent phases without any limit. Empirical studies are carried out to show that allowance option prices exhibit...

Cover -- Half Title -- Title Page -- Copyright Page -- Contents -- List of illustrations -- Acknowledgements -- 1 Introduction -- Notes -- 2 An ecological modernisation theory for China and carbon reduction -- EM applied to developing countries -- EM as applied to China -- Some basic...

Environmental pollution has received the attention of both economists and ecologists who have integrated their ideas and concepts in recent decades. Production and consumption of material goods generates residuals that are disposed in the environment. Air emissions constitute one of the most...

This topical volume covers the intersection between transport and climate change, with papers from the 'Transport & Climate Change' session of the RGS-IBG conference in London, September 2010. It considers the role of transport modes at varying spatial dimensions and a range of perspectives on...

Intro -- Content -- Preface -- Summary -- 1. Introduction -- 2. Problem, method and data -- 3. Framework for car transport int he Nordic countries -- 4. Setting up hypothesis -- 5. Discussion of the hypotheses -- 6. Significance of consumer carchoices -- 7. Conclusions and findings -- Summary in...

Suffocating smog regularly envelops Chinese metropolises from Beijing to Shanghai, clouding the future prospect of China's growth sustainability. Air pollutants do not discriminate between the rich and the poor, the politician and the “average Joe." They put everyone's health and economic...