Researchers debate whether environmental investments reduce firm value or can actually improve financial performance. We provide some first evidence on shareholder wealth effects of voluntary corporate environmental initiatives. Companies announcing membership in Climate Leaders and Ceres - two...

This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme, edited by the co-authors and forthcoming from Cambridge University Press. The main objective of this paper is to distill the lessons and general principles to be learnt from...

The key element in the tension between those who believe climate change is an issue and those who do not is essentially the question of whether we are merely in a long period of shock-induced above average temperatures or if we have led to this increase in temperatures by anthropogenic carbon...

This paper presents an economy and climate model of 60 overlapping generations of finite lived agents and competitive firms interacting with a physical environment. Use of energy in production results in the release of carbon to the atmosphere which can affect global climate, and thus...

During 1990-2001, only 0.6 per cent of additional global income per capita contributed to reducing poverty below the $1-a-day line, down from 2.2 per cent during 1981-1990, and barely half the poor’s share of global income. Coupled with the constraints on global growth associated with climate...

The paper proposes a critical discussion of the 'market' mindset that is centred on epistemological concerns relative to its increasing application to matters which predominantly involve moral choices. The issue of climate change is explicitly defined in terms of ethical responsibility to future...

This paper is a review of recent studies that addressed the hydrological impacts, especially on streamflow, of climate change and/or urbanisation. Articles published between 1996 and 2002 on this subject were reviewed focusing on research methods and results. The main issues addressed with...

A large variety of decision analytical frameworks has been used in climate change assessments in recent years to provide information for policy makers regarding the available strategic options, and associated gains and losses. Simultaneously, worries have mounted over implications of both...

A reduction of trade barriers will influence the overall scale of agricultural activities, the structure of agricultural production, the mix of inputs and outputs, the production technology, and the regulatory framework. These adjustments, in turn, will influence environmental quality by...

To those working on climate change, it is obvious that energy policy should be influenced by climate change considerations. The question that this paper seeks to answer is, to what extent do they influence policy and what contribution can a careful analysis of the costs and benefits of climate...