As part of a new approach to dealing with flood risk, we demonstrate that index-based derivatives can provide a hedge to protect sea front developers and governments against financial disruption in the aftermath of adverse climate events by allowing risks to be transferred between entities...

There is increasing agreement in Canada that we need carbon pricing policies. Indeed, Quebec and British Columbia have forged ahead with carbon taxes, and the Liberal opposition has included a carbon tax in its most recent platform. One is tempted to simply point to the respective federal and...

Cap-and-trade programs for greenhouse gases (GHGs) present central political questions with significant economic and environmental ramifications. This paper addresses a critical structural issue: To what extent should states retain the capacity to develop stricter parameters within a federal...

The relationship between desirable economic growth and environmental degradation is complex. The international community began to negotiate responsibility for the issue of global climate change twenty-one years ago. This paper suggests that the environmental Kuznets' hypothesis may provide a...

The paper considers the changes to the base-year GHG-emission inventories of Annex I parties to the Kyoto Protocol (herein referred to, simply, as Annex B parties) made in the course of the review of those inventories by expert review teams. I ask whether, in the reporting of these states, any...

A cap on greenhouse gas emissions makes total emissions a fixed common-property resource. Population increases under a cap are therefore self-limiting: a population increase raises labor and reduces emissions per unit of labor, which lowers incomes and fertility. Because a marginal birth under a...

Deliberation serves an important function in democracies. It enables citizens to become more informed and knowledgeable about political and social issues, as well as to have the opportunity to consider other viewpoints and learn how others view important issues. Online deliberation is a...

The paper I am proposing will evaluate the prospects for a commercial nuclear power resurgence in the United States. On the one hand, several factors seem to favor a nuclear revival: the rise of climate change as an issue, dramatic swings in the price of oil and natural gas, streamlined...

Global warming has induced an increasing number of deadly tropical cyclones with a continuing trend. Developing high-functional climate risk management tools in forecasting, catastrophe modeling, pricing and hedging is thus crucial. By using transactional price changes of traded hurricane...