After twenty years of global negotiations, the world is still far from a comprehensive climate agreement. The 'top-down' approach embodied by the Kyoto Protocol has all but stalled, chiefly due to disagreements over levels of ambition and objections to financial transfers. To avoid those...

Klimaanpassungspolitik wird in Deutschland auf verschiedenen politischen Ebenen betrieben. Dieses Papier untersucht auf Grundlage der ökonomischen Theorie der Anpassungspolitik Defizite dieser Politikansätze. Diese liegen in erster Linie in den folgenden Bereichen: unklare Abgrenzung von...

This paper provides theoretical and empirical insights on the extent to which the availability of carbon offsetting may substitute the individual use of other carbon-reducing measures. Theoretically, we demonstrate an ambiguous impact of offsetting on the use of other measures and derive...

This paper investigates the interrelation between adaptation and climate protection efforts of individuals in a cross-country comparison. The theoretical predictions based on a subjective utility framework demonstrate that, at the individual level, private adaptation and climate protection...

This paper contributes to the economic literature on pure and impure public goods by considering two alternatives for contributing to the public good climate protection: compensating carbon emissions from conventional consumption or paying higher prices for climate-friendly products. We...

The option of adapting to climate change is becoming more important in climate change policy. Hence, responding to climate change now involves both mitigation to address the cause and adaptation as a response to already ongoing or expected changes. These changes are also of relevance for the...

This paper develops a dynamic model consisting of two regions (North and South), in which the accumulation of human capital is negatively influenced by the global stock of pollution. By characterizing the equilibrium strategy of each region, we show that the regions' best responses can be...

This paper develops a dynamic model consisting of two regions (North and South), in which the accumulation of human capital is negatively influenced by the global stock of pollution. By characterizing the equilibrium strategy of each region, we show that the regions' best responses can be...

This paper examines the prices versus quantities issue, originally raised by Weitzman [8], in the context of carbon dioxide emissions and with a special focus on electricity generation. Within a simpli ed model of the electricity market, in which we explicitly allow for a monopolistic gas...

Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human Development Reports, to include not only consumption, but...