This paper presents the dimensions of the climate change problem and its economic effects as well as the evolution of the international meetings to cope with it. In these lines it discusses the use of Integrated Assessment Models (IAMs), the damage cost estimates and various other issues related...

1. Despite an existing information gap in scientific evidence regarding the effects of future changes in climate patterns and options for the future, the community-based adaptation process should nevertheless be initiated. This requires community involvement through participatory planning in...

This paper develops a rule for setting periodically and internationally a carbon-dioxide atmospheric stock limiting tax in a world inhabited by expected utility maximizing stakeholders facing diminishing mean and increasing variance of their output level due to climate change. The stakeholders...

The paper1 discusses the determination of the social cost of carbon (SCC) using the PAGE2002 model used in the Stern Review. The SCC depends sensitively on assumptions about future economic development, the range and likelihood of economic and social damage arising from climate change at future...

Using a world multi-sectoral, multi-regional trade model, this paper has investigated the economic and environmental implications of climate control coalitions cooperating on R&D investment that triggers low cost environmentally friendly technologies. We start with the Kyoto scenario where all...

Distributional concerns can influence optimal climate policy design. We compare distributional implications of EU climate policy pathways that differ in their instrument mix, considering carbon pricing and non-price regulation, as well as revenue recycling via uniform transfers and subsidies...

As the world’s second largest carbon emitter, China has long been criticised as a “free-rider” enjoying benefits from other countries’ efforts to abate greenhouse gas emissions but not taking due responsibilities of its own. China has been singled out as one of the major targets at the...

We estimate the potential synergy between pollution and climate control in the U.S. and China, summarizing the results as emissions cross-elasticities of control. In both countries, ancillary carbon reductions resulting from SO2 and NOx control tend to rise with the increased stringency of...

While there is increasing interest in decarbonising or greening monetary policy, central banks are keen to maintain market neutrality. But there is evidence that the market has a bias towards carbon-intensive companies. The paper develops a method to tilt the ECB's asset and collateral framework...

This study examines national GHG inventories prepared by Australia, China, Germany, Japan, and the United States, and highlights how the inventories of different countries—though following the Intergovernmental Panel on Climate Change (IPCC) Guidelines for National Greenhouse Gas...