We argue that a global carbon price is the only way to effectively tackle free riding in international climate policy, required to substantially reduce greenhouse gas emissions. We briefly review the main reasons behind the essential role of carbon pricing, address common misunderstandings and...

This book explores the interplay between science, economics, politics, and ethics in understanding the challenge that climate change poses to the international community. A central theme is that climate change involves core issues of scientific uncertainty and intergenerational fairness that...

We test the assumption that harvesting timber for energy production is assumed to have a carbon-neutral effect on climate. Our dynamic multiple-harvest Faustmann optimal rotation model of the Northern Forest and energy production in New Hampshire indicates that it is inappropriate to assume...