We analyse the decision of an agent to invest and engage in industrial activities that are characterized by two forms of uncertainty: market size uncertainty and competitive effect uncertainty. We apply our model on the bioenergy industries. We compare the case of an ambiguity neutral agent with...

This paper presents the version 1.0 of the Green Electricity Simulate (GES), which is a simulation model that has been designed to investigate questions related to biomass-based electricity in the European countries, with a special focus on the biomass co-firing in coal plants. We extend...

This paper proposes a second-best approach to cutting CO2 emissions caused by the urban mobility of passengers. We develop policy scenarios that compare the first-best tool of carbon tax, to a combination of second-best tools, not originally aimed at reducing CO2 (i.e. congestion charging,...

This paper analyses the impact of several avoided deforestation policies within a patchy forested landscape. Central is the idea that deforestation choices in one area influence deforestation decisions in nearby patches. We explore the interplay between forest landscapes comprising heterogeneous...

We study sustainable growth in an economy with natural land endowments, specifically forests, and the need for public policies to quantify the financial value of green capital, measured by forests. Exhaustible primary forests are first depleted for agriculture and production, until a switch...

In this paper, we develop a proxy measure to appraise equity in urban mobility policy by applying the theoretical framework of Martens (2011). Using the commuting trips database of 2006 on the large Lille urban area, and geo-localized employment data from the French Census of 2010, we compute an...

The aim of this paper is to investigate the determinants of the carbon price during the two phases of the European Union Emission Trading Scheme (EU ETS). More specifically, relying on daily EU allowance futures contracts, we test whether the carbon price drivers identified for Phase I still...

In this paper, we argue ’buying local’ does not necessarily reduces transport-related greenhouse gas emissions even if transport and production technologies, as well as natural endowment are homogeneous in space. We develop a model of rural-urban systems where the spatial distribution of...

In this paper we study the optimal growth path and its decentralization in a twosector overlapping-generations model with pollution. One sector (power generation) is polluting and the other (final good) is not. Pollution is regulated by tradable emission permits. The issue is whether the optimal...

To improve risk management in the European Union Emissions Trading Scheme (EU ETS), the European Climate Exchange (ECX) has introduced option instruments in October 2006. The central question we address is: can we identify a potential destabilizing effect of the introduction of options on the...