Following the Copenhagen climate Accord, developed and developing countries have pledged to cut their greenhouse gas emissions, emissions intensity or emissions relative to baseline. This analysis puts the targets for the major countries on a common footing, and compares them across different...

The U.S. Environmental Protection Agency's (EPA) proposed greenhouse gas (GHG) performance standards for power plants are an important step forward in regulating GHGs in terms of both their substantive impact and legal precedent. Nevertheless, we have some concerns with the proposal, which we...

The purpose of this paper is to recognize the effect of the VAT fraud upon the market prices and to assess the occurrence of money laundering on the carbon emissions market. We present an analytic breakdown of the MTIC pocketed funds and estimate the bearish impact of the VAT trade on the carbon...

Insights are offered into the interactions of EUA and CER emissions prices with key energy markets across the EU. A wide range of regional gas and power markets, in addition to global oil markets, are considered. Power prices are broken down by base, peak and off-peak to account for regional...

The Paris Agreement obliges states to reduce their greenhouse gas emissions more than they would have otherwise. It thereby obliges them to incur a cost, or pay a price, for those emissions mitigated because of the Agreement. In this sense, states are under an obligation to price at least some...

Cumulative carbon dioxide (CO2) emissions have become a good indicator of increases in the global mean temperature. This study evaluates the relationship between cumulative CO2 emissions, their pathways, and their socioeconomic impacts. We analyzed multiple emission pathways that achieve three...