Current models of conservation auctions do not permit for the presence of environmental externalities and synergies between bidders. Yet, conservation auctions are usually set up for the very purpose of addressing problems associated with environmental externalities. Clearly, our models do not...

Countries aiming to achieve ambitious international and national climate objectives need to integrate climate considerations into all sectoral policies. This contribution argues that since climate change is a diffuse and complex challenge, Climate Policy Integration cannot simply be modeled...

Insurance demand is driven by many factors, but for the emerging economies, one of the most significant historical drivers of growth has been income per capita. Based on a simple forecasting approach, we project that insurance penetration in the BRICS economies could increase at a rate of...

Measuring consumption-based emissions and the implied embodied emissions in trade (EET) has seen a resurgence in recent years, with a growing number of papers reporting country-level embodied emissions in imports and exports, as well as the net balance of embodied emissions in trade. This paper...

Risk transfer, including insurance, is widely recognized as a tool for increasing financial resilience to severe weather events such as floods. The application of this mechanism varies widely across countries, with a range of different types and schemes in operation. While most of the analytical...

The Clean Development Mechanism (CDM) of the Kyoto Protocol has a dual objective: to encourage low-cost emission reduction and to promote sustainable development in the host countries of CDM projects. The CDM has by and large delivered on the first objective but arguably not on the second. This...

Mass consumption of bottled water is contributing to a multitude of environmental problems, including; water wastage, pollution and climate change. The aim of this study is to advance a social-psychological understanding of how to effectively reduce bottled water consumption. An online survey...

There is an increasing demand for putting a shadow price on the environment to guide public policy and incentivise private behaviour. In practice, setting that price can be extremely difficult as uncertainties abound. There is often uncertainty not just about individual parameters but about the...

Uncertainty is intrinsic to climate change: we know that the climate is changing, but not precisely how fast or in what ways. Nor do we understand fully the social and economic consequences of these changes, or the options that will be available for reducing climate change. Furthermore the...

A group of time consistent agents has access to a common productive resource stock whose output provides their consumption needs. The agents disagree about the appropriate pure rate of time preference to use when choosing a consumption policy, and thus delegate the management of the resource to...