In 2006, the Stern Review predicted dire consequences for the world's economy unless atmospheric greenhouse gases, responsible for climate change, are prevented from reaching dangerous levels. The Review identified transport as one of the fastest growing sources of global emissions and the motor...

This paper concerns optimal emissions of greenhouse gases when catastrophic consequences are possible. A numerical model is presented which takes into account both continuous climate-feedback damages as well as the possibility of a catastrophic outcome. The uncertainty in the model concerns...

In this paper, we use the two region CETA-M model to explore some related issues raised by the current interest in CO2 concentration targets as a possible climate change policy objective. First, we identify possible cost and benefit assumptions that would make particular concentration ceilings...

Carbon dioxide emissions may create significant social harm because of global warming, yet American urban development tends to be in low density areas with very hot summers. In this paper, we attempt to quantify the carbon dioxide emissions associated with new construction in different locations...

This chapter focuses on the potential impacts of rising levels of atmospheric carbon dioxide related to anthropogenic greenhouse gas emissions on ocean ecosystems in the context of ocean acidification. The chapter also suggests the legal and policy implications of ocean acidification, with a...

The Central and Eastern European countries significantly reduced their carbon dioxide (CO2) emissions between 1995 and 2003. Was this emission reduction just the fortuitous result of the major economic transformation undergone by countries in the transition? Or is it rather a result of more...

This paper considers whether the California Air Resources Board, in implementing regulations to achieve the greenhouse gas reduction goals of the AB32 legislation, should include motor vehicle fuels as part of a cap-and-trade program. Its conclusion is that it is of importance to do so. While...

This paper analyses the world market of project-based transactions under the Kyoto protocol and the competitive posture of Russia therein. Russia has the necessary potential to capture the leading position in the climatic investment market. It is proposed that the most efficient way of achieving...

In this paper we explore how organizations influence the unethical behavior of their employees. Using a unique dataset of over 3 million vehicle emissions tests, we find strong evidence of ethical spillovers from firms to individuals. When inspectors work across different organizations, they...

Transportation, the second largest contributor of CO2 emissions, is not part of the European Emission Trading System. Since transportation is subject to national environmental instruments, this causes differences in marginal abatement costs, and hence, results in economic inefficiencies. We...